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Most of the coins are in the green zone on the first day of the weekend, according to CoinStats.
XRP/USD
XRP has gained a lot of value today, rising by 4.3%.
On the hourly chart, the price of XRP has made a false breakout of the local resistance of $2.1931. If the daily bar closes far from that mark, one can expect a local correction to the $2.15 area soon.
However, if buyers can keep the rate near the resistance, traders may witness a test of the $2.22 area.
On the bigger time frame, one should pay attention to the daily bar closure in terms of the $2.2165 level. If it happens around it, there is a possibility of a move to the $2.30 range.
From the midterm point of view, neither side is dominating as the price of XRP is far from the support and resistance levels. In this regard, consolidation in the zone of $2.15-$2.35 is the more likely scenario.
XRP is trading at $2.1889 at press time.
Vladislav Sopov
U.Today Editorial Team