XRP is over $0.47 after $30 million in losses in the previous 10 days

Over $30 million has been lost by Ripple holders losing XRP since June 15.

In the same span, exchange XRP token supply dropped to 2.84 million.

XRP struggles to break $0.48 on Tuesday.

XRP struggles to maintain above $0.48 on Tuesday and seems set to prolong its current fall. Santiment data shows investors lost tokens in the last 10 days. Market capitulation occurs when traders sell their tokens at a loss and anticipate the asset's price to fall.

Since its June 17 peak of $0.5213, XRP has fallen to $0.47 on Tuesday.

Santiment data suggests Ripple traders sold XRP at a loss between June 15 and 25.

Over $30 million in 10 days, the Network Realized Profit/Loss (NPL) measure displays negative spikes.
Token distribution at a loss indicates market surrender.

XRP exchange supply has decreased in the previous 10 days.

2.84 million XRP coins are on exchanges, down about 1%, indicating a decrease in selling pressure.
Exchange supply drop and NPL vs. XRP pricing are shown in the Santiment chart below.
Ripple

The SEC's June 14 letter to Ripple, which included a $102.6 million securities violation punishment, has not been updated.

Ripple won a partial victory in its long-running SEC fight when a California judge dismissed all class action lawsuits against the company save one against CEO Brad Garlinghouse.
Technical analysis: XRP falls below $0.48

Since March 11, Ripple has lost approximately 35% of its value till June 25. Tuesday's XRP price is at $0.4750, and the cryptocurrency may fall to $0.4508, the June 7 low.


At $0.4508, Ripple would have dropped 5%. XRP might fall another 7% to $0.4188, its April 13 low.

The MACD indicator suggests bearishness. Ripple's price trend is negative, shown by red histogram bars below the neutral line.

A daily candlestick close above $0.4955, the 23.6% Fibonacci retracement of the slide between the March 11 peak of $0.7440 and the April 13 low of $0.4188, might disprove the bearish thesis.

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