u.today
Sellers are more powerful than buyers at the end of the week, according to CoinStats.
$XRP/USD
The rate of $XRP has dropped by 2% since yesterday.
On the hourly chart, the price of $XRP is near the local support at $2.0530. If its breakout occurs, the decline may lead to the test of the $2.03-$2.04 range by tomorrow.
On the longer time frame, traders should focus on the nearest level at $2.0450. If the daily candle closes below it, the accumulated energy might be enough for an ongoing downward move to the $2 area.
Such a scenario is relevant until the end of the week.
From the midterm point of view, the situation is rather more bearish than bullish. As the rate of $XRP is far from key levels, one should focus on the nearest zone at $2. If bulls lose it, there is a high chance of seeing a test of the $1.80 range.
$XRP is trading at $2.0462 at press time.