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The market is trying to come back to the green zone in the second part of the trading day, according to CoinStats.
XRP/USD
XRP is an exception to the rule today, going down by 1.67%.
On the hourly chart, the rate of XRP has marked a false breakout of the local support of $2.1180. However, most of the daily ATR has been passed, which means there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the price of XRP is trading near the support of $2.1015. If its breakout occurs, the accumulated energy might be enough for a more profound decline to the $2 zone.
From the midterm point of view, there are no reversal signals yet.
If bulls lose the vital zone of $2, there is a high chance of seeing a test of the $1.60-$1.80 range soon.
XRP is trading at $2.1454 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team