XRP Prediction for August 24

The weekend has started positively for most of the coins, according to CoinMarketCap.

XRP/USD

The rate of XRP has risen by 2.85% over the last 24 hours.

On the daily chart, the price of XRP has broken the local resistance level of $0.6145. If the bar closes above that mark, the upward move may continue to the $0.62 zone tomorrow.

On the bigger time frame, the picture is also bullish. If the daily candle closes above the resistance level of $0.6150, the accumulated energy might be enough for continued growth to the $0.64 zone soon.

From the midterm point of view, the rate of XRP keeps accumulating energy for a sharp move.

However, if a breakout of the interim area of $0.65 happens, there is a chance of a test of the resistance at $0.7425 shortly.

XRP is trading at $0.6210 at press time.

Source