With Bitcoin failing to sustain the 10% recovery on Wednesday as it drops back under the $64,000 mark, the markets witness a bear attack. Amidst such conditions, the XRP price also fails to sustain the bullish recovery of 7% in two days as it witnesses an intraday fall of 5%. As the sellers assert dominance over the altcoins, will Ripple coin fails to prolong the uptrend drop to $0.55?
Also Read: Ripple Vs SEC Update: Judge Torres Considers Extending XRP Lawsuit Fair Enough
XRP Encounters a Bearish Engulfing Candle as Bulls Lose Ground
XRP Price| Tradingview
With an ascending trend in the daily timeframe, the XRP price sustains a bull run in motion. However, the visible peaks and retracements in the trend reflect the increased volatility amidst the market confusion.
The recovery momentum is sustained as the altcoin forms a support trendline, leading to multiple higher-high formations. However, the recent reversal from the support trendline fails to sustain the uptrend motion, as the su
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