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The market has not decided which way to move yet as the prices of some coins are falling while others are growing, according to CoinStats.
XRP has gained a lot of value today, rising by 4%.
On the hourly chart, the rate of XRP has set a local resistance level at $0.5247. If the daily bar closes near it, one can expect a breakout to the $0.53 zone tomorrow.
On the bigger time frame, one should pay attention to the candle's closure. If it happens near the current prices, the upward move may continue to the $0.54 zone shortly.
From the midterm point of view, the rate of XRP has made a false breakout of the previous bar low at $0.4959.
If it closes above the $0.51-$0.52 zone, traders may expect sideways trading between $0.52 and $0.54 until mid-February.
XRP is trading at $0.5225 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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