Midweek brings positive changes to the cryptocurrency market, and XRP is no exception, showing signs of growth.
Current Situation in the XRP Market
The current price of XRP stands at $2.8430, which is 2.69% higher than the previous day.
Price Movement Analysis of XRP
On the hourly chart, the price of XRP has shown a false breakout of the local resistance at $2.8654. However, if the correction continues, traders might expect a retest of the support level by tomorrow.
Prospects for the Coming Week
Given the positive trend, if the daily candle closes near $2.8693 or above, it could lead to further growth in the $2.90-$2.95 range. From a mid-term perspective, XRP has bounced off the support at $2.7280, which also hints at optimistic views of possibly reaching $3 by the end of the week.
The rise of XRP amid the overall positivity in the cryptocurrency market makes it an interesting asset to monitor. The upcoming days will be crucial for determining the further direction of the price movement.
