XRP Price Prediction for October 5

The end of the week is bullish for the crypto market, according to CoinStats.

XRP/USD

The price of XRP has gone up by almost 1% over the last 24 hours.

On the hourly chart, the rate of XRP is going down after a false breakout of the local resistance of $3.0675. If bulls lose the $3 zone, traders may see a test of the $2.94 area shortly.

On the bigger time frame, the picture is also more bearish than bullish. If the daily candle closes below the $2.9403 level, the accumulated energy might be enough for a move to the $2.90 mark.

From the midterm point of view, neither side is dominating as the rate of XRP is far from the support and resistance levels.

The volume is low, which means sideways trading around the current prices is the more likely scenario.

XRP is trading at $2.9986 at press time.