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According to CoinStats.
Ripple/USD
The price of XRP has fallen by 1.72% since yesterday.
On the hourly chart, XRP price could find local support at $2.2342. If the daily bar closes around current prices, one can expect a test of the $2.32-$2.34 range by tomorrow.
On the larger time frame, traders should pay attention to the nearest temporary area at $2.20. If a breakout occurs, the correction to the $2 area is likely to continue soon.
From a mid-term perspective, XRP price is in the middle of a wide channel. Since neither side is in control, there are low chances of seeing sharp moves soon.
Related to
In this case, traders may expect a sideways trade in the $2.00-$2.50 area.
XRP is trading at $2.3186 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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