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The market is again mainly bullish after a slight correction, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 4.58% over the past day.
On the hourly chart, the price of XRP has failed to fix above the resistance of $3.2939.
If the daily bar closes far from that mark, the correction is likely to continue to the $3.25 zone.
On the longer time frame, the picture is more bullish. If bulls' pressure continues, the accumulated energy might be enough for a price blast to the $3.40-$3.50 range.
From the midterm point of view, one should focus on the weekly bar closure in terms of the $3.33 level. If the weekly candle closes above it, there is a high chance of seeing an ongoing rise to the $3.66 resistance.
XRP is trading at $3.2817 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team