XRP Folds Under No Pressure Whatsoever, You Need 62 Days to Withdraw Ethereum (ETH), Hyperliquid (HYPE) Paints Falling Star: Crypto Market Review
The issue is that XRP was rejected at a level that shouldnt have been a significant barrier. The asset rolled over almost immediately after failing to overcome a comparatively weak descending resistance, indicating that buyers are not in control even under low pressure. According to the chart, XRP has been trapped in a more general downtrend for months, with each attempt at recovery being thwarted by lower highs. The same script was used in the most recent action. Instead of consolidating or building, the price printed a swift rejection and began drifting lower once more, as it got closer to the declining trendline and the cluster around the 50 EMA. XRP/USDT Chart by TradingView There was only a subdued fade, no real struggle against resistance, and no increase in volume. Such actions are important. The inability of an asset to overcome small resistance levels typically indicates weak underlying demand. Strong markets either pass through these zones or, at the very least, try them several times before failing. That was not even possible for XRP; it folded upon first contact. XRP Folds Under No Pressure Whatsoever, You Need 62 Days to Withdraw Ethereum (ETH), Hyperliquid (HYPE) Paints Falling Star: Crypto Market Review XRP Goes Mainstream in