The price of XRP has been fluctuating between $2.979 and $2.992 over the last hour, with a daily transaction volume of $3.45 billion and a market valuation of $172 billion. The price has seen a 12% dip from its peak and a 2.6% decline in the past 24 hours. The charts show a bearish trajectory for XRP, with the possibility of a descent toward $2.75 if the $2.95 support level is broken. However, if there is heightened demand, a rally toward the $3.10 resistance could occur. Moving averages suggest enduring bullish potential, with the possibility of a revival toward $3.30-$3.40 if the $2.95 support level holds. However, sellers currently dominate the market, and a failure to defend $2.95 could lead to a retreat toward $2.75 or lower. The overall sentiment is cautious, with uncertainty reflected in the oscillators and the ADX confirming trend ambiguity. A volume-backed breakout above $3.10 could shift the narrative in favor of the bulls.



Other News from Today