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Buyers are trying to return to the game; however, there are some exceptions to the rule, according to CoinStats.
XRP/USD
XRP is one of the biggest gainers today, going up by 4.54%.
On the hourly chart, the rate of XRP is falling after breaking the local support of $2.1870. If the daily candle closes far from that mark, the decline may lead to a test of the $2.10 range soon.
On the longer time frame, traders should focus on the nearest level of $2.3034. If its breakout happens, the accumulated energy might be enough for a price blast to the $2.50 zone.
This scenario is relevant until the end of the week.
From the midterm point of view, neither buyers nor sellers are dominating at the moment. In this case, traders should pay attention to the interim zone of $2. If the weekly bar closes below it, the decline may continue up to the $1.50 area.
XRP is trading at $2.1731 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team