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XRP Could Face a 10% Dip Before Making a Rebound – Analyst


XRP Could Face a 10% Dip Before Making a Rebound – Analyst

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  • XRP could experience a further 10% dip before rebounding.
  • Liquidity has tightened for XRP amid a build-up of bearish pressure.
  • XRP broke below the 0.5 Fibonacci support on the daily chart.

On-chain data suggests a potential pullback for XRP in the coming days, following the cryptocurrency’s recent decline and break below the $2.81 significant support level. According to data from Glassnode, the leading on-chain market intelligence platform, liquidity tightened amid a build-up of bearish pressure for XRP after the cryptocurrency consolidated around $2.75.

From a crypto analyst’s perspective, developing events sur…

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In This News

Coins

$ 1.34

-1.31%

$ 0.00936

-2.51%

$ 0.00...361

$ 0.00029


Predictions Markets

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View analytics →
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