The market keeps setting new lows, according to CoinStats.
![](https://cnews24.ru/uploads/51a/51a3b8e87b376fee67317102ee11c3d72938cc0f.png)
XRP/USD
The price of XRP has dropped by 7.69%.
![](https://cnews24.ru/uploads/5f9/5f9330b467a078f80c3ed4ec0c90e1477ceda38f.png)
On the hourly chart, the rate of XRP has broken the local support of $0.4441. If buyers cannot seize the initiative, there is a possibility to see an ongoing decline to the $0.43-$0.4350 zone soon.
![](https://cnews24.ru/uploads/086/08611e1a660d43ae9d5d366b04bb39a0c68e6240.png)
A similar picture can be seen on the daily time frame. If the support breakout happens, the accumulated energy might be enough for a dump to the $0.42 area within the next few days.
![](https://cnews24.ru/uploads/85c/85c61bc657d1810fbe5074f4a7a3cd3aaa05d02b.png)
Sellers are also powerful on the weekly chart. If the candle closes around current prices, bears may return the rate of XRP to the $0.35 zone soon.
XRP is trading at $0.4434 at press time.