d technical resistance. XRP is experiencing significant bearish pressure, with every attempt at recovery met with notable resistance. The latest rebound, which saw the cryptocurrency surge over 6% last Wednesday, was rejected, and XRP seems to be returning to base, following an ongoing decline that has the cryptocurrency trading at $1.90 at the time of writing, according to data from TradingView.
Why is XRP’s Price Down Today Despite Strong On-Chain Fundamentals
Bearish
XRP
XRPShare:
XRP has experienced multiple pushbacks while attempting to recover. On-chain fundamentals remain positive for the cryptocurrency. XRP faces bearish pressure from profit-taking, market deleveraging, and technical resistance. XRP is experiencing significant bearish pressure, with every attempt at recovery met with notable resistance. The latest rebound, which saw the cryptocurrency surge over 6% last Wednesday, was rejected, and XRP seems to be returning to base, following an ongoing decline that has the cryptocurrency trading at $1.90 at the time of writing, according to data from TradingView. Users Are Concerned Over XRP’s Failed Recoveries Most crypto analysts are concerned about XRP’s relatively poor performance, considering the evident strength in the cryptocurrency’s on-chain fundamentals. Data from XRP Scan, a platform that displays XRP Ledger met… Read The Full Article Why is XRP’s Price Down Today Despite Strong On-Chain Fundamentals On Coin Edition .