As a researcher with extensive experience in cryptocurrency analysis, I find the end-of-week trend bullish for most coins based on data from CoinStats. Regarding XRP/USD specifically, I’ve observed an increase of 2.16% over the last day.
The end of the week is bullish for most coins, according to CoinStats.
XRP/USD
The price of XRP has gone up by 2.16% over the last day.
In the hourly timeframe, XRP‘s price sits comfortably within the existing range between its support at $0.5136 and its resistance at $0.5401.
If the growth reaches the upper level, it’s likely that a breakout will occur, leading to a potential move towards the $0.55 area.
As a crypto investor looking at the bigger picture, I notice that the price is currently quite a distance from significant levels. This indicates that we may not see any major price swings in the near term. Instead, it’s likely that the market will move sideways within the range of $0.52 to $0.54 over the next few days.
On the weekly chart, the rate is very close to hitting the $0.5714 resistance level. If the week ends with the rate in this vicinity, there’s a good chance it will breach the $0.60 price range.
XRP is trading at $0.5308 at press time.
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2024-07-14 21:25