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.
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.
