The crypto market is mainly red; however, there are some exceptions to the rule, according to CoinStats.
XRP/USD
The price of XRP has increased by 0.22% since yesterday.
On the hourly chart, the rate of XRP is in the middle of the narrow channel, between the support of $2.5192 and the resistance of $2.6322. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the situation is similar to the local chart. Neither bulls nor bears are dominating, which means traders are unlikely to witness ups or downs in the near term.
From the midterm point of view, one should focus on the bar’s closure in terms of the previous candle high.
If it happens above $2.80 and with no long wick, the rise may continue to the vital zone of $3.
XRP is trading at $2.5978 at press time.
Comments (0)