The crypto market is currently experiencing a decrease in prices, with XRP being one of the biggest losers, falling by 11.16%. However, there are signs of a potential bounce back, with XRP finding a local support level of $0.5107 on the hourly chart. If the daily bar closes above this level, there may be a move back to the $0.54 zone tomorrow. On the larger time frame, XRP is approaching the support level of $0.5026, and if selling pressure continues, there may be a breakout followed by a move to the $0.48-$0.49 range. Traders should also pay attention to the weekly candle closure, as if it occurs near current prices, there is a possibility of a sharp drop to $0.45. At the time of writing, XRP is trading at $0.5249.



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