Original U.Today article
Can traders expect upward move of XRP by end of week?
Bulls are back in the game, according to CoinStats.
![](http://u.today/sites/default/files/inline-images/top10_1093.png)
XRP/USD
The price of XRP has gone up by 1.55% since yesterday.
![](http://u.today/sites/default/files/inline-images/xrp1_150.png)
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.
![](http://u.today/sites/default/files/inline-images/xrp23.png)
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.
![](http://u.today/sites/default/files/inline-images/xrp3_139.png)
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.
About the author
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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