u.today
Sellers remain more powerful than buyers, according to CoinStats.
XRP/USD
The price of XRP has dropped by 1.72% since yesterday.
On the hourly chart, the rate of XRP might have found a local support of $2.2342. If the daily bar closes around the current prices, one can expect a test of the $2.32-$2.34 range by tomorrow.
On the bigger time frame, traders should pay attention to the nearest interim area of $2.20. If its breakout happens, the correction is likely to continue to the $2 zone shortly.
From the midterm point of view, the price of XRP is in the middle of a wide channel. As none of the sides is dominating, there are low chances to see sharp moves soon.
In this case, traders may expect sideways trading in the zone of $2.00-$2.50.
XRP is trading at $2.3186 at press time.