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The end of the week is bullish for most coins, according to CoinStats.
XRP/USD
The price of XRP has gone up by 2.16% over the last day.
On the hourly chart, the rate of XRP is in the middle of the local channel between the support of $0.5136 and the resistance of $0.5401.
Denys SerhiichukHowever, if the growth continues to the upper level, one can expect a breakout followed by a move to the $0.55 zone.
On the bigger time frame, the price is far from the key levels, which means traders are unlikely to witness sharp ups or downs. In this case, one can expect sideways trading in the area of $0.52-$0.54 within the next few days.
On the weekly chart, the rate has almost touched the resistance of $0.5714. If the candle closes near it, there is a possibility of a breakout to the $0.60 range.
XRP is trading at $0.5308 at press time.
Yuri Molchan
Vladislav Sopov
Dan Burgin
Alex Dovbnya