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The market keeps rising at the end of the week, according to CoinStats.
XRP/USD
The rate of XRP has gone up by 3.42% over the last day.
On the hourly chart, the price of XRP is bullish after breaking the local resistance of $2.4062. If the situation does not change by the end of the day, the upward move is likely to continue to the $2.46 area.
A less clear picture is on the bigger time frame. Even if today's candle closes around the current prices, buyers might need more time to accumulate energy for a further sharp move.
In this case, sideways trading in the range of $2.40-$2.50 is the more likely scenario.
From the midterm point of view, neither side is dominating. The volume remains low, confirming the absence of buyers' or sellers' strength. All in all, traders are unlikely to witness sharp moves shortly.
XRP is trading at $2.4326 at press time.
Vladislav Sopov
U.Today Editorial Team