- After a decrease of 16 %, XRP hovers about $ 1.79.
- The trading volume jumped 24 hours by 242 %.
Continuous land pressure has withdrawn the full maximum encryption market to 2.48 trillion dollars, a decrease of 6.92 %. This dramatic decrease sparked the asset losses, as Ripple’s XRP did the worst, and decreased by a 16.06 % slope.
XRP continued to fail to reach ATH after multiple recovery attempts. The main support and resistance levels of the original have a pivotal role in the price track.
In the first hours, origin Trading At the peak of $ 2.13, the batch control. At the time of this report, XRP was traded at $ 1.79, with a daily trading volume of $ 7.28 billion. It is worth noting that the XRP market witnessed 40.61 million dollars filtering During this period.
Over the past seven days, XRP has lost about 16 %. The assets began per week trading at $ 2.10 and reached a weekly level of $ 2.18. Gradually, take the low pressure price to the current trading level.
Is the decrease deeper in XRP?
Correcting the strong negative side of XRP has the ability to pull the price to below $ 1.50. The expanded loss may lead to a sharp decrease in the original to the sign of $ 1. This landing pressure prevents recovery attempts and leads the original to a strong landfill.
In contrast, assuming that the price of XRP is firmly at $ 1.78, with improved feelings, the original may advance to the edge of early recovery. It aims to exceed a range of $ 1.86 and a fracture over this resistance can pave the way for ascending movements.
The XRP (MACD) is settled under the zero line. This indicates a strong landing cross. Also, the origin may remain under downtown pressure.
In addition, the Chaikin Money Flow (CMF) indicates that the money is flowing from the original with more negative feelings. At the same time, the daily trading volume of XRP increased by more than 242 %.
Pull Bear Bear (BBP) in Altcoin on -0.3788 Signs Bears are dominant in the market. Moreover, the daily relative strength index (RSI) of XRP, located in 22.41, is hinting that the original is exaggerated.
Release responsibility: The opinion expressed in this article is only the author. It does not represent any investment advice. TENEWSCRYPTO team encourages everyone to conduct their own research before investing.
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