Bulls have lost the initiative at the end of the week, according to CoinStats.

XRP/USD

The rate of XRP has dropped by 6.77% over the last 24 hours.

On the hourly chart, the price of XRP is falling after a breakout of the local support of $2. If sellers can hold the gained initiative, there is a possibility of a test of the $1.85-$1.90 range soon.

On the bigger time frame, the rate of XRP has broken the support of $2. While the rate is below that mark, traders may witness an ongoing decline to the $1.80 mark.

From the midterm point of view, there are also no reversal signals yet.

If the price of XRP keeps going down, there is a high chance of a test of the support of $1.77 next week.

XRP is trading at $1.9414 at press time.