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Some coins have returned to the green zone, according to CoinStats.
XRP/USD
The rate of XRP has declined by 0.68% over the last day.
On the hourly chart, the price of XRP is going down after a false breakout of the local resistance of $2.1976. If the fall continues, traders may witness a test of the $2.16 zone by tomorrow.
On the longer time frame, the rate of XRP is within yesterday's daily candle. As the price is far from main levels, one should focus on the interim zone of $2.16.
If it breaks out, one may witness an ongoing correction to the $2.10-$2.15 range.
From the midterm point of view, the current weekly bar is rather bearish. If the closure happens with a long wick, there are low chances to see a bounce back over the next few weeks.
XRP is trading at $2.1765 at press time.
Vladislav Sopov
U.Today Editorial Team