Bulls keep controlling the situation on the last working day of the week, according to CoinMarketCap.
Top coins by CoinMarketCapXRP/USD
The rate of XRP has gone up by 2% over the last 24 hours.
Image by TradingViewOn the hourly chart, the price of XRP has set a local resistance of $3.0582. However, if the daily bar closes far from that level, sellers may seize the initiative, which may lead to a correction to the $3-$3.02 area.
Image by TradingViewOn the longer time frame, the rate of XRP is more bullish than bearish as it is close to the resistance level. If bulls’ pressure continues, one can expect a breakout, followed by a test of the $3.30 range.
Image by TradingViewFrom the midterm point of view, the price of XRP is in the middle of the channel, which means neither bulls nor bears have enough strength for a sharp move.
Thus, the volume is low, confirming the absence of buyers and sellers’ energy. In this case, sideways trading in the range of $2.95-$3.15 is the most likely scenario.
XRP is trading at $3.0463 at press time.
Source: https://u.today/xrp-price-prediction-for-october-3-0
