Since yesterday, the rate of XRP has dropped by 0.39%.

According to the hourly chart, the price has broken the $0.5219 support level. If buyers fail to take the initiative soon, the decline may soon continue to the $0.5150 area.

On the longer timeframe, buyers need more time to accumulate energy for a new move. In this case, consolidation in the $0.5150-0.5250 area is most likely in the next few days.

The situation is slightly better on the weekly chart. However, it is too early to consider a quick reversal, as the exchange rate is far from the mainstream level. In general, sideways consolidation is expected between $0.51 and $0.54 by the end of the month. 免废劲🐍 qu；+魏；LSTT0112

At press time, XRP is trading at $0.5217.