XRP Price Analysis for July 14

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U.Today
07-14

Most of the coins are continuing their bull run at the beginning of the week, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

XRP is one of the biggest gainers today, rising by 5.23%.

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Image by TradingView

On the hourly chart, the rate of XRP might have set a local resistance of $3. 

As most of the ATR has passed, there are low chances of seeing sharp moves by tomorrow.

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Image by TradingView

On the longer time frame, the price of XRP is testing a resistance of $2.9750. If the daily candle closes around that mark, traders may witness a level breakout, followed by a move to the $3.10 range.

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Image by TradingView

From the midterm point of view, it is too early to make any distant predictions. One should pay attention to the candle's closure in terms of the $2.99 level. If the bar closes with a long wick, there is a possibility to expect a correction to the $2.70 zone.

XRP is trading at $2.9569 at press time.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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