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Before the next decline, the market can test the strength of the nearest resistance levels
In today's review, as always, we summarize the results of the outgoing week and analyze the overall price dynamics
The intense fall should stop today. The price will attempt to consolidate near the support level.
The low swing amplitude during yesterday's consolidation indicates a lack of uncertainty in the market. Weak recovery dynamics on declining volumes suggests that prices will resume falling today
Today, bearish pressure will ease briefly and prices will be able to recover slightly
According to sources, the owner of an XRP account that once held 1.08 billion XRP today sold another 10 million units of the cryptocurrency worth about $5 million.
Renewed bearish pressure will seek to renew yearly lows for all major cryptocurrency pairs
The market is still poorly resisting the bearish price trend. The XRP/USD pair has updated its annual low, which may be a sign of a resumption of the global downtrend of the entire market
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