As Bullish Steam Fades, Bears Drag the XRP Price Down to $0.3405 By CoinEdition

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As Bullish Steam Fades, Bears Drag the XRP Price Down to $0.3405

Published Jan 08, 2023 05:25AM ET Updated Jan 08, 2023 05:30AM ET

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As Bullish Steam Fades, Bears Drag the XRP Price Down to $0.3405

XRP/USD

-7.11%

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Bears in XRP drag the price to $0.3404 after bulls faced resistance at $0.3455.

Bears continue to exercise their control invalidating bulls attempt to correct market

As they trend south, indicators urge traders to proceed with caution.

In the morning, the bears priced XRP at $0.343, but after a decline to $0.34, the market found some stability. However, buying pressure from investors invalidated the bearish trend, and the price climbed to a session high of $0.3455. Recent market dominance has been exercised by bears, resulting in a decline in market price to $0.3405 (down 0.54%).

The XRP market capitalization fell by 0.50% to $17,224,395,796 and the 24-hour trading volume fell by 31.73% to $390,711,199, respectively, indicating that selling pressure is intensyfing as worry for further price loss prevails.

The post As Bullish Steam Fades, Bears Drag the XRP Price Down to $0.3405 appeared first on Coin Edition.

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As Bullish Steam Fades, Bears Drag the XRP Price Down to $0.3405

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