u.today
The last day of the week started bullishly for most of the coins, however, later bears seized the initiative, according to CoinStats.
$XRP/USD
The rate of $XRP has dropped by 1.18% since yesterday.
On the hourly chart, the price of $XRP has made a false breakout of the local support at $2.0470. If the daily candle closes around that mark or below, the correction is likely to continue to the $2.04 area tomorrow.
On the bigger time frame, there are no reversal signals so far. If a breakout of the $2.0350 level happens, the accumulated energy might be enough for a further downward move to the $2 zone.
Such a scenario is relevant until the end of next week.
From the midterm point of view, the situation is similar. As the rate of $XRP is far from the key levels, one should focus on the nearest zone of $2. If bulls lose it, there is a high possibility to witness an ongoing drop to the $1.8209 support.
$XRP is trading at $2.0506 at press time.