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The cryptocurrency market has not yet decided which way to go, according to the <a href="https://u.today/binance-coin-bnb-price-analysis-for-august-9" rel="noopener noreferrer nofollow">CoinMarketCap ranking.</a> 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="b6079af7-1079-415b-8cb1-92d73f06ef96" src="https://u.today/sites/default/files/inline-images/top10_590.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="xrp-usd">XRP/USD</h2> 
XRP is one of the biggest losers today, going down by 3.48%. 
<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="b6af00a4-577f-4403-b463-368b03c4eed3" src="https://u.today/sites/default/files/inline-images/xrp1_80.png"> 
Image by <a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the local chart, the rate of XRP is in the middle of the channel, between the support at $0.6237 and the resistance at $0.6362. There are low chances of seeing any sharp moves today, as most of the daily ATR has been passed. In this case, ongoing sideways trading around $0.63 is the more likely scenario until tomorrow. 
<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="2695d94b-fd54-4503-a1bb-629e0fad1d6e" src="https://u.today/sites/default/files/inline-images/xrp2_75.png"> 
Image by <a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily chart, the rate of XRP has failed to fix above the interim $0.64 mark, which means sellers keep controlling the situation on the market. If the drop to $0.62 continues, the accumulated energy might be enough for a support breakout, followed by a possible blast to the <a href="https://u.today/xrp-price-analysis-for-august-8" rel="noopener noreferrer nofollow">$0.60 area</a> and below. 
<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="009e8534-f5d2-469b-ba04-6549e040e77d" src="https://u.today/sites/default/files/inline-images/xrp3_68.png"> 
Image by <a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, traders should focus on the nearest level of $0.61. If the bar closes far from it, buyers have a chance to seize the initiative that can lead to a local rise to the $0.65 range. 
XRP is trading at $0.6306 at press time.

XRP Price Analysis for August 10

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