XRP under bear watch: Market sentiment sways toward a price fall

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XRP bears dominated the market last week as its price dropped during that period and things might get worse soon.

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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