The prices of most of the coins keep falling at the end of the week, according to CoinStats.
XRP chart by CoinStats
XRP/USD
The rate of XRP has gone down by 0.32% since yesterday.
Image by TradingView
On the hourly chart, the price of XRP has made a false breakout of the local support of $2.7711. However, if buyers’ pressure continues and the daily bar closes around that mark, one can expect an ongoing decline to the $2.76 zone.
Image by TradingView
On the bigger time frame, bulls have failed to maintain the rise after yesterday’s bar closure.
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If the candle closes around the current prices or below, traders may witness a test of the support of $2.69975 shortly.
Image by TradingView
From the midterm point of view, one should pay attention to the weekly bar closure in terms of the $2.6975 level. If a breakout happens, the accumulated energy might be enough for a move to the $2.50-$2.60 range.
XRP is trading at $2.7697 at press time.
