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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
XRP was trading in a zone of support from late April. It was clear that buyers have been desperate to defend the $0.45-$0.47 support zone over the past month. Yet, the bulls have wearied. Evidence for this was the weaker and weaker reaction XRP saw from the support zone.
Read XRP’s Price Prediction 2023-24
Apart from the bearish leaning price action, the on-chain metrics also showed that buyers lacked conviction. Network-wide accumulation was absent. Hence, XRP could be slow to react positively if Bitcoin [BTC] saw a surge higher.
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Source: XRP/USDT on TradingView
The 1-day price chart of XRP showed that the market structure was bullish in early June. Thereafter, buyers were unable to keep pace with the repeated waves of selling in the $0.5-$0.52 zone that commenced from 5 June. This saw XRP drop to $0.456 on 16 June, technically a higher low.
Two weeks later XRP dipped to the $0.449 mark on 28 June, while also forming a lower high with a candlewick to the $0.527 mark. This flipped the structure bearish, highlighting the dominance of sellers in recent weeks. The OBV has also been in a slow downtrend since early June. The RSI has been moving below the neutral 50 line since mid-June, showing bearish momentum as well.
The $0.45-$0.47 zone has been significant since April and was likely to serve as support again. Each bounce from this level formed a lower high, underlining weakness from the buyers. This could see the price drop to $0.41 if the $0.45 support was breached.
How much are 1, 10, 100 XRP worth today?
Source: Santiment
Santiment data showed that the 90-day MVRV ratio was negative. This showed the asset was slightly undervalued, but it was not enough to convince buyers to accumulate XRP. Instead, the 90-day mean coin age has been in a downtrend since late May.
This was a sign of sustained selling and pointed toward a downtrend for XRP in the coming weeks. The dormant circulation has been quiet over the past ten days, but traders can keep an eye on the metric as a large spike would point toward increased selling activity.
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robertalfred175
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1