U.Today - Buyers are more powerful than sellers on the first day of the week, according to CoinStats.
XRP/USD
XRP is an exception to the rule, falling by 2.1% since yesterday.
Despite today’s drop, the price of XRP is rising after a false breakout of the local support of $2.1124. If the daily bar closes near the resistance of $2.1804, one can expect a breakout, followed by a move to the $2.20 area.
On the bigger time frame, one should focus on the nearest level of $2.2330. If it breaks out, the accumulated energy might be enough for a test of the $2.30-$2.40 area.
From the midterm point of view, it is too early to make any long-term predictions, as the week has just started.
If the bar closes above the resistance of $2.2330, there is a possibility to see an upward move to the $2.50 mark.
XRP is trading at $2.1610 at press time.
This content was originally published on U.Today
