The price of XRP has experienced a 3.6% decline and is trading below the local support level of $0.5696. This may lead to a further drop to around the $0.56 level in the coming days. There are no current reversal signals on higher time frames, and if the daily candle closes near its low, there is a possibility of a continued drop to the $0.55-$0.56 zone by the end of the week. The mid-term outlook remains unchanged, with no clear direction from buyers or sellers and declining volume. As a result, XRP is expected to continue trading sideways between $0.52 and $0.60. Currently, XRP is trading at $0.5687.



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