u.today
Neither bulls nor bears are dominating on the last day of the week, according to CoinMarketCap.
$XRP/USD
The rate of $XRP has risen by 0.19% since yesterday. Over the last week, the price has fallen by 3.38%.
On the hourly chart, the price of $XRP is near the local support of $3.0029. If a bounce back does not happen by the end of the day, one can expect a level breakout, followed by a further correction to the $2.98 area.
On the bigger time frame, traders should pay attention to the nearest level of $3.1427.
If a breakout happens, the accumulated energy might be enough for a blast to the $3.30 mark.
From the midterm point of view, the picture is less clear. The rate of $XRP is far from the main levels, which means neither bulls nor bears are controlling the situation on the market. In this case, sideways trading in the area of $3-$3.30 is the more likely scenario.
$XRP is trading at $3.0160 at press time.