Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls are back in the game, according to CoinStats.
XRP/USD
The price of XRP has gone up by 1.55% since yesterday.
On the hourly chart, the rate of XRP might have set a local support level of $0.5150. At the moment, it is approaching the resistance of $0.5265. If the daily bar closes near that mark, there is a chance to see a breakout to $0.53.
On the daily time frame, one should pay attention to the candle closure in terms of the level of $0.5248.
If it happens near it or above, buyers may seize the initiative, which can lead to a test of the $0.53-$0.54 zone next week.
On the bigger chart, the rate of XRP is far from the main levels, which means neither bulls nor bears are dominating. In this case, ongoing sideways trading between $0.52 and $0.54 is the more likely scenario.
XRP is trading at $0.5238 at press time.
Source: https://u.today/xrp-price-prediction-for-may-3