According to CoinMarketCap, the prices of most coins have returned to the red zone.
XRP/USD
The price of XRP remained the same since yesterday.
On the hourly chart, the XRP rate is returning to the local support level of $0.4320. If the daily bar closes near it, the accumulated energy may be enough to break through to the $0.43 zone.
Today’s move has not affected XRP’s technical position on the daily time frame. This statement is supported by falling volume, which means that neither side is ready for a sharp move.
In this case, the more likely scenario is continuation of sideways trading in a narrow range of $0.43–$0.44.
In terms of the medium term, the picture remains bearish as the price continues to trade below the $0.46 zone. Therefore, there is still a chance to expect a further correction to the $0.40 level and below.
At the time of publication, XRP is trading at $0.4355.
