Outflows cost XRP price a chance to regain $0.60 support
According to Mars Finance news, the indicator shows that the price of XRP is affected by the change in investor sentiment, and capital outflow is intensifying. The Chaikin Money Flow (CMF) indicator, which tracks the inflow and outflow of funds for the asset, shows a clear trend of capital withdrawal, reflecting a decline in confidence in XRP. The price of XRP has shown a downward trend throughout August, and after falling below $0.60, it has failed to rebound, and investor sentiment seems to be reinforcing the downward trend of the market, which may lead to a further decline in the value of XRP.
