According to CoinMarketCap, bears are becoming more powerful in the crypto market. The price of XRP has fallen by 0.73% over the last 24 hours. On the hourly chart, XRP experienced a false breakout of the local support level of $0.5231. If the daily bar closes far from that mark, there may be a bounce back to the resistance by tomorrow. On the bigger time frame, the rate of XRP continues to fall, but attention should be paid to the candle's closure. If it occurs far from its low, there is a chance for a reversal and a move to the $0.5350-$0.54 area. On the weekly chart, the situation appears less positive, with the possibility of a test of the support level of $0.5026. Currently, XRP is trading at $0.5282.



Other News from Today