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Most of the coins keeps trading in the green zone today, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 2.03% over the last day.
On the hourly chart, the price of XRP is going up after a false breakout of the local support of $2.2731. If the daily bar closes near the resistance, there is a chance of witnessing a blast to the $2.35 range.
On the longer time frame, the picture is also rather more bullish than bearish. At the moment, one should focus on the candle's closure in terms of the nearest resistance of $2.36.
If its breakout occurs, the accumulated energy might be enough for a move to the $2.40-$2.45 area.
From the midterm point of view, none of the sides is dominating as the price of XRP is far from important levels. If bulls want to seize the initiative, they need to restore the rate to at least the $2.50 zone.
XRP is trading at $2.3125 at press time.
Vladislav Sopov
U.Today Editorial Team