The market might not have found a local bottom yet, according to CoinStats.

XRP/USD

The price of XRP has fallen by 5.77% over the last day.

On the hourly chart, the rate of XRP is going up after a false breakout of the support level of $1.9828. If buyers’ pressure continues, traders may witness a test of the resistance shortly.

On the bigger time frame, the price of XRP is far from the main levels. In this case, there are low chances of seeing sharp moves soon.

All in all, sideways trading in the range of $2-$2.30 is the most likely scenario.

From the midterm point of view, the rate of XRP is coming back to the support level of $1.90. If it breaks out, one can expect a test of the $1.50 mark soon.

XRP is trading at $2.1069 at press time.