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Sellers have come back to the game again, according to CoinStats.
XRP/USD
The rate of XRP has fallen by 1.12% over the last day.
The rate of XRP is in the middle of the local channel, accumulating energy for a further sharp move. As most of the daily ATR has been passed, ongoing consolidation in the area of $0.60 is the more likely scenario until tomorrow.
On the daily chart, the price of XRP has once again failed to fix above the $0.61 zone.
If today's bar closes below yesterday's low, the decline may continue to the $0.59 zone soon.
From the midterm point of view, traders should pay attention to the important zone of $0.60. If the candle closes below it, the correction may continue to the $0.55 area within a few days.
XRP is trading at $0.6038 at press time.
Yuri Molchan
