The rates of most of the coins have returned to the red zone, according to CoinMarketCap.
Top coins by CoinMarketCapXRP/USD
The price of XRP has remained the same since yesterday.
Image by TradingView
On the hourly chart, the rate of XRP is coming back to the local support level of $0.4320. If the daily bar closes near it, the accumulated energy might be enough for a breakout to the $0.43 zone.
Image by TradingView
Today's move has not affected the technical position of XRP on the daily time frame. Such a statement is also confirmed by the falling volume, which means none of the sides is ready for a sharp move.
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In this case, ongoing sideways trading in the narrow range of $0.43-$0.44 is the more likely scenario.
Image by TradingView
From the midterm point of view, the picture remains bearish as the price keeps trading below the $0.46 zone. In this regard, there is still a chance to expect a further correction to $0.40 level and below.
XRP is trading at $0.4355 at press time.