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The market is under sellers' influence today, according to CoinStats.
XRP/USD
The price of XRP has dropped by 0.71% over the last 24 hours.
On the hourly chart, the rate of XRP is going down after breaking the support of $3.0932.
If the situation does not change by the end of the day, the correction is likely to continue to the $3 mark.
On the longer time frame, the price is approaching the support of $2.9873. If its breakout happens, the accumulated energy might be enough for a test of the $2.80 range shortly.
From the midterm point of view, the rate of XRP is far from key levels. In this case, one should pay attention to the nearest zone of $3. If bulls lose it, the decline may continue to the $2.60-$2.80 range.
XRP is trading at $3.04 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team