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The bears are controlling the situation on the market in the middle of the week, according to CoinMarketCap.
XRP / USD
The rate of XRP decreased by 1.63% in the last 24 hours.
On the hourly chart, the price of XRP made a false discovery of the local resistance of $2.2562.
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However, if the bulls can hold the initiative and the daily bar closes near that mark, a test of the $2.30 area can be expected soon.
On the longer time frame, there are no reversal signals yet. However, if the candle closes away from the low of yesterday’s bar, traders could witness a rebound to the $2.40 range.
From the midterm point of view, the situation is similar. If the bar closes near its low (no long wick), the decline is likely to continue to the $2 area.
XRP is trading at $2.2353 at press time.
