XRP Price Analysis for October 18

Most coins are bouncing back at the beginning of the weekend, according to CoinMarketCap.

Article image
Top coins by CoinMarketCap

XRP/USD

XRP has gained a lot of value today, rising by 4.34%.

Article image
Image by TradingView

On the hourly chart, the price of XRP might have set a local resistance at $2.3915. However, if the daily bar closes near that mark, the upward move is likely to continue to the $2.45 zone by tomorrow.

Article image
Image by TradingView

On the bigger time frame, the rate of XRP is far from the key levels.

You Might Also Like

Title news

As neither side is dominating, there are low chances to see sharp moves by the end of the week.

Article image
Image by TradingView

From the midterm point of view, the situation is similar. The volume remains low, which means sideways trading around the current prices is the more likely scenario until the end of the week.

XRP is trading at $2.3626 at press time.

Source: https://u.today/xrp-price-analysis-for-october-18-0