According to CoinMarketCap, cryptocurrency prices are experiencing a downturn today. The XRP/USD pair has shown a slight decline of 0.08% over the past 24 hours. Looking at hourly charts, XRP is exhibiting upward movement following a false breakout from its local support level of $2.2736. If the daily bar closes near resistance or above, we could see a test of the $2.35 area by the end of this week. On a broader time scale, XRP has again bounced off support at $2.26. Even if the current candle closes around these prices or higher, buyers might need more time to gather momentum for further price movement. In this scenario, sideways trading in the range of $2.30-$2.35 appears the most likely outcome. Looking towards the mid-term, traders should focus on the weekly closing of the candle’s formation at $2.26. If it closes far from that mark, a bounce back might be expected. As of press time, XRP is trading at $2.3016. Read the full article for further analysis.