Unfortunately, $XRP is not receiving any support from investors on its way up and currently facing trouble moving forward
. The current price trend suggests a further decline could be imminent unless the digital asset finds reliable support soon. The last line of defense in this regard appears to be the 21-day exponential moving average . This crucial support level could hold the price at its current level and prevent a further downfall.
However, the declining trading volume accompanying the price decrease raises concerns. Lower trading volume often indicates a lack of buying interest, which can further pressure the price. While it does not definitively predict downward price movement, it certainly does not bode well for a potential recovery.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mega XRP Whales Increase in Number at Rates Unseen for Many MonthsSurge of 100 million XRP wallets hits multi-month record highs: Santiment xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec $xrp
Read more »
XRP Community Fascinated by New Twitter 'X' Logo, Here's WhyElon Musk Twitter 'X' logo sparks interesting reactions from XRP community XRPCommunity XRPArmy XRPholders
Read more »
Bitcoin funds see $13 million in outflows while ether, XRP buck the trendDigital asset investment products saw a $6.5 million weekly outflow, bucking a trend that saw $742 million pour in over the prior four weeks.
Read more »
Crypto Investors Sour on Bitcoin Funds After Massive Inflows, Turn Instead to Ether and XRP$BTC investment products suffered $13 million of outflows last week, according to CoinSharesCo, breaking the trend of steady inflows since BlackRock’s spot bitcoin ETF filing in mid-June. sndr_krisztian reports
Read more »
Why is XRP price down today?XRP price is down today like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
Read more »
Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATICBitcoin’s break below the current range increases the risk of a deeper correction, which could pull the entire crypto market lower.
Read more »