The correction continues on the market, according to CoinMarketCap.
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XRP/USD
XRP is one of the biggest losers today, falling by 9.68%.
On the hourly chart, the rate of XRP is in the middle of the local channel. As most of the daily ATR has been passed, there are low chances of seeing any sharp moves soon.
A less positive picture can be seen on the bigger time frame. At the moment, the price of XRP is closer to the support, which means that bears are more powerful than bulls.
On the weekly chart, traders should focus on the candle's closure in terms of the level of $2.1743.
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If its breakout occurs, the drop is likely to continue to the $1.60-$1.80 range soon.
XRP is trading at $2.1822 at press time.