According to Coinmarketcap, the weekend has begun for most coins.
XRP/USD
XRP is up 1.11% in the last 24 hours.
Despite today’s gains, the XRP price appears bearish on the hourly chart. If there is a break of local support, the decline is likely to remain in the $2.40 zone by tomorrow.
Over longer periods, the picture is also more bearish than bullish. XRP’s momentum produced a false breakout of the newly formed resistance at $2.4798.
If the daily bar closes far from this mark, you can expect a test of the $2.35 range soon.
From a medium-term perspective, the situation is neither bullish nor bearish. Volume falls, confirming the lack of buying and selling power. Overall, sideways trading in the $2.30-$2.70 zone is the more likely scenario.
XRP is trading at $2.4430 at press time.
