⭐⭐Why is the XRP Price Falling? ⭐⭐

The XRP price continues to trend down despite the recent recoveries in the crypto market. The increasing skepticism and selling pressure from investors are putting additional pressure on the price and could cause XRP to lose more value.

The Chaikin Money Flow (CMF) data shows that outflows in XRP have reached a monthly peak. This indicates that investors continue to withdraw their funds and there is significant selling pressure in the market. This intense selling pressure could further accelerate the XRP price decline.

In addition, a divergence is observed between the XRP price and the daily active address (DAA). This divergence indicates that sell signals are getting stronger and selling activity is increasing. The weakening of buying interest reflects a shift in market sentiment and increasing pessimism among investors.

In the last four weeks, the XRP price has failed to break above the 38.2% Fibonacci Retracement level at $0.58 twice. This situation shows that there is a weak confidence in the market and investors. If these negative signals continue, it seems likely that the price of XRP will fall even further.

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