XRP is priced at $2.49, slipping over 2%.
The daily trading volume has increased by 48%.
The crypto market recovery remains stalled despite multiple attempts. Bitcoin is consolidating, while Ethereum shows signs of weakening momentum, hinting at a downturn ahead. Notably, Ripple’s XRP is striving to break out of bearish territory.
Analysts forecast that clearing crucial hurdles could trigger an upside correction toward new highs. XRP’s price action appears to be unsteady, with the gains hinting at a shaky breakout attempt.
Remaining under bearish pressure with potential downside risks could push the price to unforeseen levels. The asset’s price declined 2.71% after facing back-to-back rejections. In the early hours, XRP traded at $2.60 and with the bears took the price toward $2.45.
At the time of writing, the asset traded at $2.49, with its daily trading volume reaching $3.4 billion. Notably, the market has witnessed a $10.29 million liquidation of XRP during
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