XRP Price Nears $1 as Bearish Pressure Builds

XRP price remains under significant bearish pressure after its latest stabilization attempt failed to produce a convincing trend reversal. Following weeks of mostly sideways trading through July and early August, XRP is now trading around $1.03, putting the cryptocurrency dangerously close to the psychologically important $1 support level. Technical indicators continue to suggest that sellers have control of the XRP market. On the daily chart, XRP is trading below all four major moving averages, creating a bearish structure that could make any short-term recovery difficult. The nearest…  Read more

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