CandleFocus XRP Holders in the Red as Profitable Supply Sinks to New Lows
2024-11-04
Author: Content Editor
Ripple's XRP has been on a downward trend since early October following the US Securities and Exchange Commission's (SEC) announcement that it would appeal a federal judge's ruling in its case against Ripple. This has led to a decline in XRP's price and a drop in the percentage of its supply held in profit. The declining price and selling pressure may lead to further losses and a potential test of the $0.46 support level. However, if market sentiment shifts from bearish to bullish, XRP's price could attempt to break above $0.52 and trade above $0.60.
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