XRP, one of the leading cryptocurrencies, is currently grappling with extended bearish pressure amid prevailing market weakness. The digital asset has been facing significant downward momentum, influenced by a confluence of factors including macroeconomic uncertainties, regulatory challenges, and broader market sentiment. Thus far, XRP’s price has struggled to maintain key support levels, exacerbating concerns among traders and investors about its near-term performance. As bearish momentum continues to dominate, this analysis delves into evaluating XRP’s current market position with the help of key technical indicators focusing on the 4-hour and the 1-day chart. The price of XRP has increased by 0.63%, trading at about $0.4920 in the last 24 hours, with a market capitalization of more than $27 billion and a trading volume of more than $1 billion as of the time of writing. There has been a 1.06% decrease in market capitalization in the last day despite the trading volume being up by 5.89%. XRP Current Market Performance And Trend Currently, the price of XRP is actively bearish trading below the 100-day Simple Moving Average (SMA) in the 4-hour timeframe, and t ..
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