Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Buyers are giving no chances to sellers, according to CoinStats.
XRP/USD
The rate of XRP has increased by 2.15% over the past 24 hours.
On the hourly chart, the price of XRP has broken the local resistance level of $0.5328. At the moment, one should pay attention to the daily candle closure.
Denys SerhiichukIf the daily candle closes above it, the growth is likely to continue to the $0.54 zone.
Bulls have seized the initiative after yesterday's bearish bar. If they can hold the initiative, there is a chance to see a resistance breakout and a test of the $0.55-$0.56 area until the end of the week.
From the midterm point of view, traders should focus on the weekly bar closure. If it occurs near the interim level of $0.5398, the upward move can continue to the $0.58 mark until the end of the month.
XRP is trading at $0.5372 at press time.
Yuri Molchan
Vladislav Sopov
Dan Burgin
Alex Dovbnya