XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?
XRP price has entered bearish territory after a brief recovery, with analysts noting a concerning trend in its chart. Following a crash in the crypto market, XRP initially showed signs of bullish momentum with four consecutive daily green closes in late May and early June. However, the expected spike in trading volume did not materialize, indicating weakness. The price closed red for the first time in June, raising concerns about further declines. Resistance is noted at the 0.382 Fibonacci level of $2.2959, which must be overcome with increased volume for recovery. Current daily trading volume remains below $5 billion, reflecting reduced investor participation. Open interest is high at $3.94 billion, but most traders (52.75%) are betting on a price decline, while only 47.25% expect an increase.
