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The market seems like it is not going for a correction, according to CoinStats.
XRP/USD
The rate of XRP has risen by 2.29% over the last 24 hours.
On the hourly chart, the price of XRP might have set a local resistance of $2.2296. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
On the bigger time frame, one should focus on the daily bar's closure in terms of the $2.2165 level.
If it happens far from it, sellers may come back to the game, which may lead to a drop to the $2.18 range.
From the midterm point of view, neither bulls nor bears are dominating as the rate of XRP is in the middle of the wide channel, between the support of $1.7711 and the resistance of $2.59. In this case, ongoing sideways trading around current prices is the most likely scenario.
XRP is trading at $2.1993 at press time.
Vladislav Sopov
U.Today Editorial Team