The XRP price experienced a slight decline after the end of the week, falling 2% from yesterday’s levels, according to CoinStats data. Over the past week, the token saw a notable drop of 3.95%. Despite this dip, the hourly chart indicates a bearish trajectory for XRP. If today’s performance doesn’t change significantly, the price is likely to continue falling towards the $2.05 range. 📈
On a longer time frame, bulls failed to sustain yesterday’s bullish movement and are facing resistance at the key level of $2.10.
If the price closes below this mark by day’s end, further correction towards the crucial $2 area may be expected. A weekly chart analysis suggests an even more significant drop is likely if XRP fails to stabilize above the $1.90 mark. Traders could see a test of the critical $1.70-$1.80 range soon.
At press time, the XRP price stands at $2.09.