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Sellers remain weaker than buyers today, according to CoinStats.
XRP/USD
The rate of XRP has gone up by almost 4% over the last 24 hours.
On the hourly chart, the price of XRP has made a false breakout of the local resistance of $3.1375. However, if the daily bar closes around that mark or above it, there is a high chance of seeing a test of the $3.15 zone soon.
On the longer time frame, the rate of XRP is bullish, as it is on its way to the resistance of $3.155.
If its breakout occurs, the accumulated energy might be enough for a move to the $3.20-$3.30 range.
From the midterm point of view, the price of the altcoin is far from support and resistance levels. The volume is low, which means none of the sides is ready for a sharp move. All in all, sideways trading in the zone of $3.10-$3.30 is the most likely scenario.
XRP is trading at $3.1197 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team