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The weekend started off down for the market, according to CoinMarketCap.
XRP/USD
The price of XRP has fallen by 2.13% since yesterday.
On the hourly chart, the XRP rate is in the middle of the local channel between the support at $0.5080 and the resistance at $0.5265.
Volume continues to decline, meaning there are unlikely to be any sharp rises or falls by the end of the day.
On the daily time frame, traders should pay attention to the closing bars. If this occurs near or below the $0.5137 support level, the decline is likely to continue to the next vital area of $0.50 soon.
From a technical perspective, the weekly bar is poised to close bearish. If bulls cannot take the initiative, it is possible to see a test of the $0.45-$0.50 zone early next month.
XRP is trading at $0.5148 at press time.
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