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The price of XRP has declined below the $2.1 level, making it the worst-performing cryptocurrency among the top 10 by market cap. Data from CoinGecko shows XRP According to analysts, XRP must break above $2.22 and hold it as support to regain bullish momentum. Otherwise, the risk of further declines remains high. Ripple (XRP) is Despite a 9% rise in the past week, Ripple XRP has conversely suffered in trading volume, with its TV declining by over $900 Million in 10 days. The cryptocurrency is up Hace 2 días XRP (XRP) has gone down by nearly 6% in the past week and it has been the worst-performing token of the top 5 during this period as its price action has stalled following a Hace 23 horas A sharp 11% decline in derivatives Open Interest, alongside a 40% increase in volume, signals rising volatility ahead of the weekend. The Ripple (XRP) price faces downside XRP has seen a notable decline, currently sitting over 80% below its peak prices. It has hit strong resistance around $0.55, influenced by the 1-day moving CoinGlass data shows that XRP’s derivatives metrics have made a sharp decline. The Open Interest (OI), a gauge of active futures contracts, is down 2.66 per cent in

Ripple XRP Price Prediction: Will a Trading Volume Decline of $900 Million Sink the Price?

XRP, the digital asset associated with Ripple, is facing headwinds. Despite a recent 9% rise, Ripple XRP has conversely suffered in trading volume, with its TV declining by over $900 Million in 10 days. This significant drop raises concerns about the short-term XRP price prediction and its ability to sustain any upward momentum.

The price of XRP has declined below the $2.1 level, making it the worst-performing cryptocurrency among the top 10 by market cap. Data from CoinGecko shows XRP struggling to maintain positive price action. XRP (XRP) has gone down by nearly 6% in the past week and it has been the worst-performing token of the top 5 during this period as its price action has stalled following a... period of relative stability.

Technical Analysis & Key Levels for XRP

According to analysts, XRP must break above $2.22 and hold it as support to regain bullish momentum. Otherwise, the risk of further declines remains high. Currently, XRP has seen a notable decline, currently sitting over 80% below its peak prices. It has hit strong resistance around $0.55, influenced by the 1-day moving... average. A failure to overcome this resistance could lead to further downward pressure.

Derivatives Market Signals Increasing Volatility

Concerns extend beyond the spot market. A sharp 11% decline in derivatives Open Interest, alongside a 40% increase in volume, signals rising volatility ahead of the weekend. The Ripple (XRP) price faces downside... risk if this trend continues. CoinGlass data shows that XRP’s derivatives metrics have made a sharp decline. The Open Interest (OI), a gauge of active futures contracts, is down 2.66 per cent in... recent sessions, suggesting a weakening conviction among traders.

What's Next for Ripple (XRP)?

The combination of a declining trading volume, bearish technical indicators, and concerning derivatives market signals paints a cautious picture for XRP in the near future. While a potential breakout above $2.22 could reignite bullish sentiment, the current indicators suggest that further consolidation, or even further declines, are more likely outcomes. Investors should carefully monitor price action and trading volume for signs of a potential trend reversal.

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