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According to CoinMarketCap, the market continues to grow today.
XRP/USD
XRP is one of the biggest losers today, falling 8.22%.
On the hourly chart, XRP price is closer to resistance than support. However, the majority of the ATR was passed. In this case, there is a small chance that there will be strong price movements by the end of the day.
On the larger time frame, XRP price mistakenly broke the $2,2011 support level.
Related
If the candle closes far from that, traders could see a return to the $2.60 zone shortly.
From a medium-term perspective, one should pay attention to the closing price of the weekly bar at the $2.35 level. If there is a false breakout and the candle closes with a long wick, the bears could take the initiative, which could lead to a correction to the $2 zone.
At press time, XRP is trading at $2.3575.
