Crypto
XRP Tries to Defend Key Price Level Amid Bearish Market Structure
XRP is still under pressure as it trades near the $1.00 area, and its broader structure remains bearish.
The market has lost momentum after a previous decline, and recent price action suggests that a sustained recovery has yet to develop.
On the daily chart, XRP is inside a clearly defined descending structure, with the price trading well below major moving averages.
This keeps the broader trend bearish despite consolidation seen over the past several weeks. The market capitalization of XRP is $2.27 trillion, and its 24-hour spot volume has increased by 64.9% to $18.06 billion.