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The market has turned back to red again, according to CoinStats.
XRP/USD
The price of XRP has gone down by 2.82% over the last 24 hours.
On the hourly time frame, the rate of XRP is far from the local support and resistance levels. As most of the ATR has been passed, there is a low possibility of seeing any sharp moves shortly.
On the bigger time frame, the situation is similar. The volume keeps falling, which means none of the sides is ready to seize the initiative.
Denys SerhiichukAll in all, sideways trading around current prices is the most likely scenario.
From the midterm point of view, the picture is also neutral. However, if the candle closes near its low, the drop may continue to the $2.00-$2.20 zone soon.
XRP is trading at $2.5077 at press time.
Vladislav Sopov
Dan Burgin