XRP Price Analysis for January 5 - U.Today

The prices of most of the coins keep trading in the green zone, according to CoinMarketCap.

Top coins by CoinMarketCap## XRP/USD

The rate of XRP has risen by 2.74% over the last 24 hours.

Image by TradingViewOn the hourly chart, the price of XRP has bounced off the local support at $2.1122. If the candle closes near the resistance of $2.1665 or above, the growth may continue to the $2.20 area tomorrow.

Image by TradingViewOn the bigger time frame, there are no reversal signals so far. In this case, traders should pay attention to the bar closure in terms of its peak.

If it happens around the current prices, there is a chance to see an ongoing upward move to the $2.20-$2.30 range by the end of the week.

Image by TradingViewFrom the midterm point of view, the situation is similar. The rate of XRP is going up after the previous bullish bar closure. However, buyers might need more time to accumulate energy for a further move. In this regard, sideways trading in the zone of $2.10-$2.30 is the more likely scenario.

XRP is trading at $2.1490 at press time.