XRP Prediction for August 24

2 months ago 23848

ARTICLE AD BOX

Original U.Today article

Denys Serhiichuk

Can rate of XRP rise faster than other coins?

XRP Prediction for August 24

Cover image via U.Today

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.

The weekend has started positively for most of the coins, according to CoinMarketCap.

XRP/USD

The rate of XRP has risen by 2.85% over the last 24 hours.

On the daily chart, the price of XRP has broken the local resistance level of $0.6145. If the bar closes above that mark, the upward move may continue to the $0.62 zone tomorrow.

On the bigger time frame, the picture is also bullish. If the daily candle closes above the resistance level of $0.6150, the accumulated energy might be enough for continued growth to the $0.64 zone soon.

From the midterm point of view, the rate of XRP keeps accumulating energy for a sharp move.

However, if a breakout of the interim area of $0.65 happens, there is a chance of a test of the resistance at $0.7425 shortly.

XRP is trading at $0.6210 at press time.

About the author

Denys Serhiichuk

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 [email protected].