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.
The crypto market is neither bullish nor bearish today, according to CoinStats.
XRP/USD
XRP is one of the biggest gainers today, rising by almost 5%.
On the hourly chart, one should pay attention to the daily bar's closure in terms of the local resistance of $3.3458. If it breaks out, growth is likely to continue to the $3.40 zone and above.
On the bigger time frame, buyers are back in the game. If the situation does not change by the end of the day and the bar closes around current prices, the accumulated energy might be enough for a test of $3.50.
From the midterm point of view, traders should focus on the bar's closure in terms of the level of $3.40.
Denys SerhiichukIf bulls can hold the gained initiative, one can witness a breakout, followed by a further upward move.
XRP is trading at $3.3471 at press time.
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.
Yuri Molchan
Dan Burgin
Vladislav Sopov