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 Cover image via <a href="https://u.today/">U.Today</a>
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Bears have come back to the game, according to <a href="https://u.today/binance-coin-bnb-price-analysis-for-january-30-0">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="fc888df0-64bd-4650-93c6-9fdb9d09ecd7" src="https://u.today/sites/default/files/inline-images/top10_914.png">XRP chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The price of XRP has dropped by 4.14% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="967d8987-44fa-420b-9d79-96c1b02e068a" src="https://u.today/sites/default/files/inline-images/xrp1_126.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT">TradingView</a>
The price of XRP has made a false breakout of the local support of $0.5023. If the daily candle closes far from this mark, bulls may seize the initiative, which can lead to a test of the interim zone of $0.51.
<img data-entity-type="file" data-entity-uuid="ec0ab04e-ed16-43e7-88b1-0e8a864ffb78" src="https://u.today/sites/default/files/inline-images/xrp2_121.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT">TradingView</a>
A less positive picture is on the daily time frame. The price of XRP has once again touched the support of $0.5040.&nbsp;
However, if the bar closes near it and with no long wick, there is a high chacne to see a breakout, followed by a blast to the $0.49 area.
<img data-entity-type="file" data-entity-uuid="380b78ea-1790-4681-a278-4b40beea5395" src="https://u.today/sites/default/files/inline-images/xrp3_116.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT">TradingView</a>
A similar situation can be observed on the weekly chart. If nothing changes until the end of the week, the drop may continue to the $0.46-$0.48 range.
XRP is trading at $0.5068 at press time.

XRP Price Analysis for January 31

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