The market might not have reached the overbought zone yet, according to CoinStats.
XRP/USD
XRP has gained the most value today, rocketing by 25%.
On the hourly chart, the price of XRP is near the local resistance of $1.0739. If buyers can hold the gained initiative, there is a chance of a level breakout, followed by a move to the $1.10 area.
On the bigger time frame, the rate of XRP is far from the key levels. In this case, one should focus on the bar closure in terms of its peak.
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If it happens with no long wick, the growth may continue to the $1.15-$1.20 range next week.
From the midterm point of view, the price of the altcoin has reached the resistance of $1.0735. However, if the weekly candle closes far from it, traders may witness a correction to the $0.90-$0.95 area.
XRP is trading at $1.0522 at press time.
