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Bears are not ready yet to give up so easily, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 0.55% over the last 24 hours.
On the hourly chart, the price of XRP remains bullish. If the breakout of the local resistance of $2.8842 happens, the upward move is likely to continue to the $2.90 zone.
On the longer time frame, the rate of XRP has made a false breakout of the support of $2.7791. If the daily candle closes above yesterday's bar's peak and with no long wick, the rise may lead to the test of the $2.90 area.
From the midterm point of view, none of the sides is dominating, as the rate is far from the main levels. Thus, the volume is low, which means neither bulls nor bears are ready to seize the initiative.
In this case, sideways trading in the zone of $2.80-$3 is the most likely scenario.
XRP is trading at $2.8768 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team