bears dominated the market last week as its price dropped during that period. Things could get worse for the token as a bearish pattern emerged on the token’s price chart.revealed that XRP witnessed a more than 3% price decline over the last seven days. At the time of writing, the token was trading at $0.519 with a market capitalization of over $28.7 billion, making it the seventh largest crypto.
If bears keep control, then a southward breakout might happen soon. If that turns out to be true, then investors might witness the token’s price drop to $0.477.To understand whether the possibility of a price decline was likely, AMBCrypto analyzed the token’s on-chain metrics. As per our analysis of Santiment’s data, XRP’s social volume remained high, reflecting its popularity in the crypto space.revealed that XRP’s long/short ratio registered a decline in the 4-hour timeframe.
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