ℂ𝕣𝕪𝕡𝕥𝕠 ℚ𝕦𝕖𝕖𝕟 𝕄𝕦𝕤𝕒

06/14 10:24

XRP reversed on Monday and turned bearish when it

XRP reversed on Monday and turned bearish when it was rejected at the $2.3 resistance. With sellers taking back control, the last four daily candles closed in red, which brought the price back to the $2 support. This is why XRP closed the week in red with a 1% loss.

While this is not too concerning, the support at $2 has to hold if this cryptocurrency hopes to make higher highs later. The current momentum is bearish, but due to the low volume, sellers don’t seem interested in doing much more at this time.

Looking ahead, this cryptocurrency remains stuck in a tight range with low volatility. This has been ongoing for months, and there has been no decisive breakthrough to date. This is likely to continue to suppress the price.

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