XRP has experienced a 53% decline in trading volume in the last 24 hrs. Despite the decline, XRP prices continue to consolidate.
XRP sustained consolidation leaves analysts optimistic of a rally up to $20.declining by 5.4% to trade at $61,881 in the last seven days, altcoins have suffered the most. In fact, this period has experienced high volatility in the crypto markets.has experienced a sustained consolidation phase without gains or substantial losses. The altcoin was not spared from market depreciation, though, with the trading volume down by 53% in the last 24 hrs.projected a bull run up to $20.
This MFI showed a balanced market; experiencing relative stability between selling and buying pressure without dominance from either side, implying a consolidation phase.Also, the simple moving average touched on the price, which showed market equilibrium. Based on SMA, there was market stability with a narrow price range.Additionally, XRP’s adjusted price DAA divergence was 34.57%. This indicated a moderate difference between price rise and daily active address.
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