u.today
Most of the coins are in the red zone on the first day of the week, according to CoinStats.
$XRP/USD
The rate of $XRP has declined by almost 2% since yesterday.
On the hourly chart, the price of $XRP is near the local support level of $2.9209. If its breakout occurs, the accumulated energy might be enough for a test of the $2.80-$2.85 zone.
On the longer time frame, the rate of the altcoin is far from the key levels. In this regard, traders should pay attention to the interim area of $3.
If the daily bar closes below it, one can witness a further decline to the support of $2.7387.
From the midterm point of view, the price of $XRP is closer to the support than to the resistance. If bears' pressure continues and the bar closes near the bottom level, there is a chance to see a test of the $2.50-$2.70 range.
$XRP is trading at $2.9481 at press time.