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The weekend has started mainly bullish for most of the coins, according to CoinMarketCap.
XRP/USD
The rate of XRP has increased by 3.32% over the last day.
On the hourly chart, the price of XRP might have set a local resistance level of $0.5925. A further upward move is unlikely as most of the daily ATR has passed. In this case, sideways trading in the narrow range of $0.58-$0.59 is the more likely scenario until tomorrow.
On the bigger time frame, one should pay attention to the bar closure in terms of the level of $0.5845. If the candle closes above it, the growth may lead to a test of the $0.60 zone soon.
From the midterm point of view, the rate of XRP keeps getting energy for a sharp move. The volume has declined, which means neither side has seized the initiative yet.
Denys SerhiichukAll in all, ongoing sideways trading in the area of $0.55-$0.65 is the more likely scenario.
XRP is trading at $0.5868 at press time.
Godfrey Benjamin
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov