The end of the week is bullish for most coins, according to CoinStats.
XRP chart by CoinStats
XRP/USD
The price of XRP has gone up by 2.16% over the last day.
Image by TradingViewOn the hourly chart, the rate of XRP is in the middle of the local channel between the support of $0.5136 and the resistance of $0.5401.
However, if the growth continues to the upper level, one can expect a breakout followed by a move to the $0.55 zone.
Image by TradingViewOn the bigger time frame, the price is far from the key levels, which means traders are unlikely to witness sharp ups or downs. In this case, one can expect sideways trading in the area of $0.52-$0.54 within the next few days.
Image by TradingViewOn the weekly chart, the rate has almost touched the resistance of $0.5714. If the candle closes near it, there is a possibility of a breakout to the $0.60 range.
XRP is trading at $0.5308 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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