$XRP From 3 Billion XRP to 300 Million: Is XRP Losing Steam?
XRP could be losing some steam, but it could be positive
XRP's price surged toward $2.57 before reversing course after emerging from a descending triangle, a bullish indication. Even though this rally showed promise, the asset appears to be having difficulty gaining ground recently based on price action. Support is currently located around $2.13, and the 50 EMA serves as an important buffer.
Failure to maintain above this level puts XRP at risk of dropping toward the next support level, which is at $1.145. A breakout above the $2.60 resistance, on the other hand, might rekindle optimism. XRP payment volume has drastically decreased from peaks of three billion XRP to less than 300 million, according to on-chain metrics.
