Looking at the crypto market today, CoinStats is showing us a sea of red across the board.

XRP/USD

Let’s take a closer look at XRP. Good news for XRP holders – its price has actually edged up by 1.30% over the last day.

Switching to the hourly chart, XRP’s price seems to be moving away from critical points. Having already moved through a good portion of its typical daily range (ATR), it seems unlikely we’ll see any major price spikes between now and tomorrow.

Looking at the bigger picture on a wider timeframe, we see a similar story. XRP’s price is currently fluctuating within the range of yesterday’s trading. Low trading volume reinforces this, suggesting neither buyers nor sellers are currently dominating the market with strong conviction.

Related

Considering everything, it appears that continued consolidation, likely in the $2.05-$2.20 range, is the most probable scenario for XRP in the near term.

Zooming out to a midterm view, XRP seems to be making its way back down towards the $1.90 support level. Keep an eye on the crucial $2 zone – if XRP breaks below this, we might anticipate a further dip towards the $1.60-$1.80 range.

As of now, you can see XRP trading at $2.1413.