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XRP Price: Shows Promise as Trading Volume Supports Bull Case Above $2.32 Blockonomi 5 hours ago

XRP Price: Shows Promise as Trading Volume Supports Bull Case Above $2.32 📈

XRP

XRP is displaying bullish potential with its price testing the $2.50 resistance level four times over the past week, while maintaining a strong support above $2.32. Despite experiencing short-term range-bound trading, there is an undeniable upward pressure on the cryptocurrency.

In recent months, trading volume data has shown a significant increase in buying pressure. However, the momentum has seen a slight deceleration over the past fortnight, accompanied by the formation of two major liquidation clusters near the $2.26 mark.

Source: blockonomi.com ↗

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