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A new week has started out bullish for the market, according to CoinMarketCap.
XRP/USD
The price of XRP has declined by 0.18% over the last 24 hours.
On the hourly chart, the rate of XRP is rising after setting a local support at $2.1357. If growth continues, there is a chance to witness a move to the resistance by tomorrow.
On the bigger time frame, the price is far from key levels, which means none of the sides is dominating. Thus, the volume is low, confirming the absence of bulls or buyers' energy.
From the midterm point of view, the picture is more bearish than bullish.
In this case, one should focus on the weekly bar's closure in terms of the support level of $2.0777.
XRP is trading at $2.1534 at press time.
Vladislav Sopov
U.Today Editorial Team