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The market has changed to green very fast, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 4.23% over the last 24 hours.
On the hourly chart, the price of XRP remains bullish as it is near the local resistance of $3.21. If bulls can hold the gained initiative, one can expect a level breakout, followed by a test of the $3.30 range.
On the bigger time frame, the situation is less positive for buyers. If the candle closes around the current prices, any sharp moves are unlikely to happen.
The volume has dropped, which means sideways trading in the area of $3.10-$3.30 is the more likely scenario.
From the midterm point of view, neither side is dominating as the rate of XRP is far from the key levels. In this case, traders are unlikely to witness increased volatility the upcoming week.
XRP is trading at $3.1810 at press time.
Vladislav Sopov
U.Today Editorial Team