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Buyers have failed to maintain the market growth at the end of the week, according to CoinStats.
XRP/USD
The rate of XRP has dropped by 2% since yesterday. Over the last week, the price has fallen by 3.95%.
Despite today's fall, the price of XRP keeps looking bearish on the hourly chart. If nothing changes by the end of the day, the decline is likely to continue to the $2.05 range.
On the bigger time frame, bulls could not maintain the rise after yesterday's bullish candle closure.
Denys SerhiichukIf the bar closes below $2.10, there is a possibility of an ongoing correction to the vital $2 area.
On the weekly chart, a further drop also remains the more likely scenario. If the rate fixes below $1.90, traders may expect a test of the $1.70-$1.80 range soon.
XRP is trading at $2.09 at press time.
Vladislav Sopov
Dan Burgin