Ripple exhibited relative resilience in a general market downturn, with a smaller 5% decline, and large wallet holders continue to accumulate. appeared to fare better than many other assets. Despite this relative resilience, indicators revealed that market sentiment was moving in the opposite direction of XRP’s price. on a daily time frame by AMBCrypto revealed a pattern of declines, with the most significant occurring on August 2nd—a drop of 6.13%.
The analysis highlighted that the long-moving average acted as a strong support level at around the $0.54 price range.As of the latest data, XRP has shown signs of recovery, rebounding by almost 2% and currently trading at around $0.57.
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