Coinstats reports that the market is experiencing a rise this weekend.
XRP/USD
The price of XRP has increased by 3.42% in the last 24 hours.
Analyzing the hourly chart, XRP shows a bullish trend after surpassing a local resistance level at $2.4062. If this momentum continues into the end of the day, we might see prices reaching around $2.46.
However, the larger time frame presents a more complicated picture. Even if prices hold steady today, buyers might need additional time to gather momentum for stronger price movements.
In this context, a sideways trading pattern between $2.40 and $2.50 could be a plausible scenario.
From a medium-term outlook, neither side seems to dominate the market, with low volume signaling a lack of strength from both buyers and sellers. Consequently, significant price shifts may not occur anytime soon.
Currently, XRP is trading at $2.4326.
