As Bullish Steam fades, Bears drag XRP price down to $0.3405 according to CoinEdition
As Bullish Steam fades, Bears drag XRP price down to $0.3405
- The bears dragged the price to $0.3404 after the bulls faced resistance at $0.3455.
- The bears continue to exercise their control invalidating the bulls trying to correct the market
- As they trend south, the indicators urge traders to proceed with caution.
In the morning, the bears priced XRP at $0.343, but after dropping to $0.34, the market found some stability. However, buying pressure from investors neutralized the bearish bias and the price rallied to an intraday high of $0.3455. The recent market dominance has been exercised by the bears, which resulted in the market price dropping to $0.3405 (down 0.54%).
XRP’s market cap fell 0.5% to $17,224,395,796 and 24-hour trading volume dropped 31.73% to $390,711,199, suggesting selling pressure is increasing due to worry about further devaluation.
Post As the bullish steam fades, the bears dragging XRP price down to $0.3405 appear first on Coin Edition.