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Bulls keep controlling the initiative at the end of the week, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 5.46% over the last 24 hours.
On the hourly chart, the price of XRP is near the local resistance of $2.5985.
If bulls can hold the gained initiative until the end of the day, a breakout may lead to the test of the $2.60 zone by tomorrow.
On the longer time frame, there are no reversal signals yet. If the candle closes near the bar's peak, one can expect a test of the $2.6549 resistance until the end of the week.
From the midterm point of view, the price of XRP is testing the $2.59 level. At the moment, traders should pay attention to the weekly bar's closure. If it happens above the resistance and with no long wick, the accumulated energy might be enough for a move to the $2.70-$2.80 range.
XRP is trading at $2.5856 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team