- According to recent study, the XRP market has been dwindling steadily.
- Falling market capitalisation and transaction volume are contributing factors to this decline.
- During the rise, XRP ran into resistance at $0.4108 and came across support at $0.3952.
XRP prices dropped by 1.02% to $0.4, indicating that bear influence was beginning to prevail as bulls were losing ground.
The 24-hour trading volume and market capitalization of XRP dropped during the decline by 0.20% and 11.94%, respectively, to $20,163,394,602 and $843,340,887. Declining volume in a downtrend like this one may be a sign of a possible reversal and a great time to buy.
XRP/USD 24-hour price chart source: CoinMarketCap
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