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

Published 01/08/2023, 05:25 AM
Updated 01/08/2023, 05:30 AM
As Bullish Steam Fades, Bears Drag the XRP Price Down to $0.3405

  • 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.

See original on CoinEdition

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