XRP Price Analysis for July 19

The correction has started for most coins from the top 10 list, according to CoinStats.

XRP/USD

The rate of XRP has fallen by 1.17% since yesterday.

On the hourly chart, the price of XRP is breaking the local support of $3.4115. If the daily bar closes below that mark, the correction may continue to the $3.35 range soon.

On the bigger time frame, the rate of XRP is going down after a false breakout of the resistance of $3.5495.

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If bulls cannot seize the initiative, traders may witness a test of the $3-$3.20 zone over the next few days.

From the midterm point of view, one should pay attention to the bar closure in terms of the $3.40 level. If it happens below and with a long wick, sellers may be back in the game, and traders may witness a correction to the $3 mark.

XRP is trading at $3.399 at press time.