U.Today - A new week has started bullish for most of the coins, according to CoinMarketCap.
XRP/USD
The rate of XRP has risen by 0.46% over the last 24 hours.
On the hourly chart, the price of XRP is approaching the local resistance of $2.4733. If the daily bar closes around that mark or above, the accumulated energy might be enough for a blast to the $2.50 area.
On the longer time frame, the rate of XRP keeps accumulating energy for a further move.
As none of the sides has seized the initiative yet, ongoing sideways trading in the narrow range of $2.40-$2.60 is the more likely scenario.
From the midterm point of view, it is too early to make any distant predictions as the week has just started. However, the price of XRP is far from key levels, which means there are low chances of seeing any sharp moves shortly.
XRP is trading at $2.43 at press time.
This content was originally published on U.Today
