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XRP coin delivered low volume buying momentum signifies bearishness.
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Buyers are struggling to cross the 20-day EMA mark and look weak.
The XRP coin price trades in a narrow range and is facing consolidation, signifying a setback ahead. If any selloff triggers below the 200-day EMA support mark, the XRP coin will retest the demand zone of $0.5000 soon. Moreover, a bearish double top pattern was visible on the charts, indicating that sellers might engage in pushing the coin.
At press time, the XRP coin (XRP) price was trading at $0.6230 with an intraday drop of 0.38%, reflecting neutrality on the charts. It has a monthly return ratio of 13.20% and 21.90% on a yearly basis. The pair of XRP/BTC is at 0.00000880 BTC, and the market cap is $34.17 Billion. Analysts are neutral and suggest that XRP price may face selloff and will retest the demand zone of $0.5000 soon.
XRP Price to Volume Profile Reveals Weakness
The above chart shows the combin
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