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The weekend has started with the growth of most cryptocurrencies, according to CoinStats.
XRP/USD
The price of XRP has gone up by 5.74% over the past 24 hours.
On the hourly chart, the rate of XRP has made a false breakout of the formed resistance of $2.1705. However, if the daily bar closes around it or above, the growth may lead to a test of the $2.20 zone tomorrow.
On the bigger time frame, traders should pay attention to the level of $2.2267. While the rate is below it, there is still a chance to see a price drop.
Denys SerhiichukBut, if the candle fixes above the aforementioned mark, the accumulated energy might be enough for a blast to the $2.30-$2.40 range.
From the midterm point of view, neither side is dominating. The low volume confirms that neither side is ready for a sharp move. In this regard, sideways trading in the area of $2.10-$2.30 is the more likely scenario.
XRP is trading at $2.17 at press time.
Vladislav Sopov
Dan Burgin