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The crypto market continues setting new local lows, according to CoinStats.
XRP/USD
The rate of XRP has declined by 5.25% over the past day.
On the hourly chart, the price of XRP is near the local support of $2.0872. If a bounce back does not happen by the end of the day, one can expect a level breakout, followed by a drop to the $2 zone.
On the bigger time frame, one should pay attention to the current candle's closure in terms of yesterday's bar's low. If it happens around it and with no long wick, the correction is likely to continue to the $1.90-$2 range soon.
From the midterm point of view, it is too early to make any distant predictions. Thus, the rate of XRP is far from key levels.
Denys SerhiichukBut if the breakout of the psychological area of $2 happens, there is a chance to see a test of the $1.90 mark.
XRP is trading at $2.1188 at press time.
Dan Burgin
Vladislav Sopov