The market keeps setting new lows, according to CoinStats.
XRP chart by CoinStatsXRP/USD
The price of XRP has dropped by 7.69%.
Image by TradingView
On the hourly chart, the rate of XRP has broken the local support of $0.4441. If buyers cannot seize the initiative, there is a possibility to see an ongoing decline to the $0.43-$0.4350 zone soon.
Image by TradingView
A similar picture can be seen on the daily time frame. If the support breakout happens, the accumulated energy might be enough for a dump to the $0.42 area within the next few days.
Image by TradingView
Sellers are also powerful on the weekly chart. If the candle closes around current prices, bears may return the rate of XRP to the $0.35 zone soon.
XRP is trading at $0.4434 at press time.