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Sellers have become more active today, according to CoinStats.
XRP/USD
The price of XRP has fallen by 0.1% since yesterday.
On the hourly chart, the rate of XRP is near the local support of $2.3648. If a breakout happens, the correction is likely to continue to the $2.35 area and below.
On the bigger time frame, the price of XRP is in the middle of the wide channel. The volume has declined, which means neither side is ready for a sharp move.
Denys SerhiichukAll in all, sideways trading in the zone of $2.30-$2.50 is the more likely scenario.
From the midterm point of view, traders should focus on the weekly bar closure in terms of the $2.1743 level. If it happens far from it, bulls may seize the initiative again.
XRP is trading at $2.4064 at press time.
Tomiwabold Olajide
Godfrey Benjamin
Dan Burgin
Alex Dovbnya
Vladislav Sopov