XRP has experienced a 13% increase in the past 24 hours, following the broader cryptocurrency market's recovery from a recent decline. However, on-chain and technical data suggest that this surge may not be sustainable. XRP's trading volume has decreased by 22%, indicating weak buying momentum and a lack of strong demand. Additionally, the negative Balance of Power (BoP) suggests persistent bearish sentiment towards XRP. The current price of XRP is $2.57, representing a 45% increase from its recent low. If demand remains low, XRP's value could drop to $2.13 or even lower. However, if there is an increase in demand, the price could climb to $2.94.
Content Editor ( beincrypto.com )
- 2025-02-04
XRP Surges 13%, But Low Demand Signals Gains May Be Short-Lived
