XRP Price Analysis for January 21 - U.Today

Bears remain more powerful than bulls in the middle of the week, according to CoinMarketCap.

Top coins by CoinMarketCap## XRP/USD

XRP is an exception to the rule, rising by 0.86% over the last 24 hours.

Image by TradingViewOn the hourly chart, the rate of XRP has broken the local resistance of $1.9268. If bulls can hold the gained initiative and keep the price above that mark until the end of the day, one can expect a test of the $2 zone tomorrow.

Image by TradingViewOn the longer time frame, the situation is less positive for bulls. The price of XRP is within yesterday’s bar, which means none of the sides has enough energy for a further drop or a bounce back

In this case, sideways trading in the range of $1.90-$2 is the most likely scenario until the end of the week.

Image by TradingViewFrom the midterm point of view, the picture is similar. The volume remains low, which means neither buyers nor sellers have enough energy for sharp ups or downs. All in all, traders are unlikely to witness increased volatility.

XRP is trading at $1.9449 at press time.