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Cryptocurrency markets traded higher on Friday, led by gains in Bitcoin, Dogecoin, Solana, and Shiba Inu. The global cryptocurrency market cap increased by 0.9% to approximately $2.33 trillion in the last 24 hours. The volume of all stablecoins is now $70.39 billion, which is 90.86% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.
Cryptocurrency markets traded higher on Friday, led by gains in Bitcoin, Dogecoin, Solana, and Shiba Inu. The global cryptocurrency market cap increased by 0.9% to approximately $2.33 trillion in the last 24 hours. The volume of all stablecoins is now $70.39 billion, which is 90.86% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.
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The $XRP /USDT pair is trading at 1.0679, reflecting a 19.64% increase in the past 24 hours. Key resistance lies at 1.1200, while strong support is identified around 1.0400.
A potential entry point for this trade is between 1.0500 and 1.0700. If the price gains upward momentum, the first take-profit target (TP1) is at 1.1000, followed by TP2 at 1.1200, and a more extended TP3 at 1.1400.
To manage risk, a stop-loss (SL) should be placed at 1.0300, just below the support zone. Monitor closely for breakout confirmations, as the current price action suggests increasing buyer interest and potential further gains.
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