XRP Loses Half of What It Gained: Crypto Market Review, October 19

📆 20/10/2022 04:05:00
📰 Utoday_en

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$BTC is still looking for some volatility, while $XRP is rapidly losing more than half of what it gained during the bullrun in October

Despite the success the cryptocurrency had in the last few weeks, the lack of positive news from the court and the poor state of the digital assets market in general led to an expected reversal. In the last seven days, XRP has lost more than 7% of its value, showing that investors are not ready to support the uptrend.

With the coin falling below the 200 EMA, the 50-day moving average will also reverse shortly, making a bullish cross impossible. In case of a breakdown below the aforementioned support level, XRP will officially return to the downtrend it has been in almost two years.

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