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Odds on XRP’s price reversal are as high or low as…

Press Releases Crypto News AMB-Crypto Odds on XRP’s price reversal are as high or low as…

XRP continues flat negative price trends.
Supply in profit remains over 80% despite the price decline.

XRP appears to be struggling to stabilize following a significant price decline in the past week. Considering the recent flat trend in price over the last couple of days, what does this indicate for XRP holders?

XRP continues to see bearish trends

On 12th January, a study of the XRP daily timeframe showed a decline of over 5%, dropping from around $0.6 to around $0.5. Following this decline, the price has encountered difficulty in recovering the $0.6 price level, exhibiting marginal gains and losses.

The chart showed a slight negative trend over the past three days. At the time of writing, XRP was trading at around $0.57, reflecting a 0.8% decline.

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Author: Adewale Olarinde

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