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The market keeps setting new lows, according to CoinStats.
XRP/USD
The price of XRP has dropped by 7.69%.
On the hourly chart, the rate of XRP has broken the local support of $0.4441. If buyers cannot seize the initiative, there is a possibility to see an ongoing decline to the $0.43-$0.4350 zone soon.
A similar picture can be seen on the daily time frame. If the support breakout happens, the accumulated energy might be enough for a dump to the $0.42 area within the next few days.
Sellers are also powerful on the weekly chart. If the candle closes around current prices, bears may return the rate of XRP to the $0.35 zone soon.
XRP is trading at $0.4434 at press time.
Vladislav Sopov
Godfrey Benjamin
