Crypto markets are looking mostly positive today, with the majority of cryptocurrencies in the green, according to CoinStats. However, as always in the crypto world, there are a few exceptions to this trend.

XRP/USD

Let’s take a closer look at XRP, which is definitely standing out as one of today’s top performers, currently up by a solid 4.31%.

On the hourly chart, XRP’s price is currently quite a distance from both immediate support and resistance levels. Considering that the Average True Range (ATR) has largely played out, it’s unlikely we’ll see any significant surges or drops in price before tomorrow.

Looking at the daily timeframe, the current candle is shaping up to be bullish. However, it seems buyers might still need a bit more time to gather momentum before making another big push.

Related

As a result, the most probable scenario seems to be sideways trading, with XRP likely staying within the $2.30-$2.60 range for now.

Taking a step back to consider the midterm picture, it appears neither buyers nor sellers are really dominating the market right now. This is further supported by low trading volume, suggesting a lack of strong conviction from either side. Overall, traders should probably not anticipate any major price swings as we head towards the end of the month.

At the time of writing, XRP is trading at $2.4266.