The cryptocurrency market has slightly switched to red since yesterday. XRP remains the main loser, falling by 32.43% over the last day.
Meanwhile, the total market capitalization has fallen by around $10 billion.
The relevant data for XRP is looking the following way:
Market Cap: $9,053,319,432
Volume (24h): $9,350,037,449
Change (24h): -32.61%
The data is relevant at press time.
XRP/USD: Can buyers hold the $0.11 support?
XRP is the main loser today, with the rate of the third most popular crypto decreasing by more than 30% just over the last day.
On the daily chart, XRP has reached the level of $0.20 where most of the liquidity is focused. However, buyers seem like they are not going to seize the initiative even in the short-term case, and there are chances to see XRP trading at $0.11 shortly.
On the bigger chart, bears are also controlling the situation. The last week is supported by a large selling trading volume. If bulls cannot hold the $0.20 mark, XRP may trade at $0.13 next week.
The monthly chart is also bearish, signaling that the nearest stop may be at the mirror level at $0.069.
This is a far retest of the April 2017 level. Overall, XRP has no buyer support at the moment.
XRP is trading at $0.1967 at press time.