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Bulls keep getting the rates of most of the coins to new peaks, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 0.78% over the last 24 hours.
On the hourly chart, the price of XRP is near the local resistance of $3.58. If bulls hold the gained initiative, one can expect a blast to the $3.60-$3.65 zone shortly.
On the longer time frame, the rate of XRP is testing the resistance of $3.5495. If the daily candle closes above that mark, the accumulated energy might be enough for a move to the $3.80 area.
Such a scenario is relevant until the end of the week.
From the midterm point of view, the price has broken the resistance of $3.40. Until it is above that mark, ongoing growth remains the most likely scenario. In this case, traders may witness a new all-time high from XRP soon.
XRP is trading at $3.5512 at press time.
Vladislav Sopov
U.Today Editorial Team