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Crypto

XRP Stuck in Neutral as Crypto Market Experiences Downturn

Guavy AI Editorial Team
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BTC XRP
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The XRP price has been stuck between $1.28 and $1.31 as the broader crypto market experiences a downturn.

A recent dip of 4.70% in total capitalization to $2.59 trillion has added to the uncertainty, with Bitcoin dominance reaching 58.49%

The daily chart for XRP shows a neutral squeeze with no clear directional bias, as price is boxed in by moving averages.

The hourly chart displays a bearish alignment with EMA stack pointing downward and RSI14 at 34.91, indicating that sellers have been pressing but momentum has not been exhausted yet

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