XRP Price Analysis for November 3

All the top 10 coins are in the red zone at the beginning of the week, according to CoinStats.

XRP / USD

The rate of XRP has fallen by 4.53% since yesterday.

On the hourly chart, the price of XRP made a false discovery of the local support of $2.3877. However, if the refund does not happen at the end of the day, we can expect a further correction to the $2.35 mark.

Over the longer term, the picture is also bearish. The rate is approaching the support at $2.3547.

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If its discovery happens, the accumulated energy could be enough for a deeper decline to the $2.20-$2.30 range.

From the midterm point of view, the price of XRP continues to fall after a false discovery of the resistance of $2.6624. Since the price is far from the key levels, one should focus on the closing of the candle rather than the closing of the previous weekly bar. If it happens below $2.40, the fall may lead to a test of the $2.20 area soon.

XRP is trading at $2.4133 at press time.