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XRP Bears In Control: Understanding the Sustained Bearish Sentiment

Xrp

XRP price struggled to recover above the $0.4880 resistance zone. The price is moving lower and the bears might aim for a move toward $0.4550. XRP price faced another rejection near the $0.4880 resistance zone. The price is now trading below $0.4850 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line…

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XRP Exhibiting Unusual On-Chain Behavior, How Will This Affect Price?

Xrp

Data shows XRP is currently exhibiting an interesting on-chain behavior amidst a broader market uncertainty. This unusual behavior was highlighted by CryptoQuant, a crypto on-chain analytics company. The peculiar behavior is noteworthy because it is associated with a growing open interest in XRP in comparison to other cryptocurrencies, suggesting XRP is primed for a major…

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XRP Faces Extended Bearish Pressure At $0.4937 Amid Market Weakness

Xrp

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…

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XRP Price Under Siege: Losses Likely to Extend Amid Market Weakness

Xrp

XRP price struggled to surpass the $0.500 resistance zone. The price is moving lower and showing bearish signs for a move below the $0.4850 support. XRP price faced another rejection near the $0.50 resistance zone. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. There was a break below a short-term…

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Cardano And XRP Shorting Activity Could Act As ‘Rocket Fuel’ For A Rally; Santiment

Cardano

On-chain analytics platform Santiment has outlined a factor that could contribute to Cardano (ADA) and XRP enjoying further moves to the upside. Both tokens recorded relief pumps following the recent decline in the crypto market, but market traders believe this development is far from a bullish reversal.  Heavy Trader Shorting Could Lead To Price Rises…

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Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here’s The Target

Xrp

The XRP price has struggled in the market over the past year and has failed to reach a new all-time high even after securing partial victories against the US Securities and Exchange Commission (SEC). However, this lackluster price action has not deterred investors, who continue to believe in the long-term potential of the altcoin. One…

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XRP’s Roadmap To Success: Analyst Forecast A Strong Bullish Turn In 2024

Xrp

Despite its recent decline, XRP, one of the largest cryptocurrencies by market cap, now holds the potential for substantial gains. Particularly, according to a recent technical bullish run against both the United States dollar and Bitcoin throughout 2024. This optimism is grounded in several key technical indicators and historical price actions, suggesting that XRP might…

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