XRP Prediction for August 8

Bulls are not giving up so easily, according to CoinMarketCap.

XRP/USD

XRP has gained a lot of value today, rocketing by 20%.

On the hourly chart, the rate of XRP is returning to the local resistance level of $0.6240.

If the daily bar closes near it, there is a chance of a breakout followed by a move to the $0.65 area.

On the daily time frame, one should focus on the nearest level of $0.6374. If a breakout happens, the accumulated energy might be enough for continued growth to the vital zone of $0.70.

From the midterm point of view, the picture is less positive. However, if the weekly bar closes around the interim level of $0.65, traders may witness an ongoing rise to the resistance of $0.7329 by the end of the month.

XRP is trading at $0.6120 at press time.

Source