Since yesterday, the rate of XRP has decreased by over 4%.
The local support level of $0.6058 has been breached by the price of Ripple on an hourly basis. The current slide may push through to tomorrow’s test of the $0.58–$0.59 zone if the daily bar closes below it.
Following yesterday’s negative close, the rate of XRP has been declining on the daily chart.
Bears may take the lead Ripple if buyers lose the $0.60 zone, which may result in a more significant decline to the $0.55 region over the course of the following several days.
A condition like to this one is observed at the weekly interval. On the other hand, the bar closing in relation to the preceding candle low should be the main emphasis. Should it occur below, the decrease will carry on to the $0.5491 support level till the end of the month. As of press time, XRP is trading at $0.5990.
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