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There are almost no bearish signals on the market today, according to CoinStats.
XRP/USD
The price of XRP has increased by 2.45% over the last day.
On the hourly chart, the rate of XRP is looking bullish as the price is on its way to the resistance of $2.2641. If its breakout happens, traders may witness a test of the $2.28-$2.30 area.
On the longer time frame, the price of XRP is far from key levels. The volume is low, confirming the absence of buyers or sellers' energy.
As none of the sides is dominating, sideways trading in the range of $2.22-$2.28 is the most likely scenario.
From the midterm point of view, the picture is also neutral. The rate is trading within the previous candle, which means there are low chances of seeing sharp moves soon.
XRP is trading at $2.2540 at press time.
Vladislav Sopov
U.Today Editorial Team