On the local chart, XRP is trading near the formed support at $0.3760. If buyers cannot seize the initiative by the end of the day, the breakout may lead to a drop to the $0.375 zone.
From the technical point of view, XRP is also more bearish than bullish on the daily time frame. If the bar closure happens near the support level at $0.3725, the decline may continue to the next important zone of $0.36198. On the weekly chart, XRP is about to return to the support level at $0.3679, which means that it is unlikely to see growth shortly.
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