The XRP rally seems to be slowing down. Will bears return?
Key Support levels: $0.54
Key Resistance levels: $0.68
In the past few days, XRP has struggled to establish higher highs, creating an opening for sellers to potentially re-enter the market. Currently, buyers have successfully maintained the price around 60 cents. However, a failure to sustain this key level could trigger a more pronounced pullback.
Volume Continues to Fall
The volume has continued to decrease., marking an early bearish indicator. If this pattern continues unchanged, it suggests that sellers may exert pressure, potentially pushing XRP towards its significant support level at approximately 54 cents.
While the volatility within a single trading day remains pronounced, the weekly outlook distinctly favors a bullish trend. Despite the possibility of XRP retracing to crucial support levels, there is a strong likelihood that buyers will re-enter the market at those points.