Despite the bounce back, some coins have come back to the red zone, according to CoinStats.
XRP/USD
The rate of XRP has fallen by 2.84% over the last 24 hours.
On the hourly chart, the price of XRP is on its way to the local support of $2.4312. If the daliy bar closes below that mark, the decline is likely to continue to the $2.40 area.
On the bigger time frame, bulls have failed to keep the rise going after yesterday’s bullish closure.
Related
If the situation does not change by tomorrow, one can expect a test of the $2.30 mark by the end of the week.
On the weekly chart, the rate of XRP is far from key levels. If the picture remains the same, ongoing sideways trading in the wide range of $2.20-$2.60 is the most likely scenario.
XRP is trading at $2.4410 at press time.
