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The market is mainly green in the middle of the week, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 2.69% over the last day.
On the hourly chart, the price of XRP has made a false breakout of the local resistance of $2.8654. If the correction continues, traders may see a test of the support by tomorrow.
On the bigger time frame, the picture is more bullish.
If the daily candle closes near the $2.8693 level or above it, the accumulated energy might be enough for a move to the $2.90-$2.95 range.
From the midterm point of view, the rate of XRP has bounced off the support of $2.7280. If the weekly bar closes far from that level, the local growth may continue to the $3 mark by the end of the week.
XRP is trading at $2.8430 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team