XRP, the fourth largest cryptocurrency in market capitalization, is traded with a decrease, since a wider crypto market is faced with pressure pressure at the beginning of the session on Wednesday.
Crypto -market is on the verge, since investors expect many key economic data. Investors are actively awaiting a party of fresh economic data that will give an idea of the health of the US economy. In addition, an index of prices for the cost of personal expenses for March, the preferred federal inflation inflation sensor, is expected.
Bitcoin and the majority of crypto -assets are traded in red, and $ 328 million have reached liquidation over the past 24 hours, according to coinging data.
XRP itself was not immune to the bear’s trend, decreased by 6.35% over the past 24 hours to $ 2.137, and will celebrate its second day of the fall.
$ 3 billion XRP reached 24 hours
According to CoinmarketCap, the XRP trade volume has exceeded $ 3 billion over the past 24 hours, although the XRP price remains red.
This decrease occurred after recent bull attempts to break through the key levels of resistance, in particular the Daily SMA 50, which is now $ 2.19, and has not yet been able to make a steady breakthrough. The transition to the price involves short -term profit or cooling period after recent rallies.
A recent price drop in reduction of the XRP below the daily SMA 50 at the level of $ 2.9, with the aim of supporting $ 2.02, which coincides with the Daily SMA 200, if it is reduced.
According to Glassnode, on April 28, Hot Capital increased from $ 0.92 billion to $ 0.92 billion to $ 2.17 billion, which is 134.9%. Despite this rebound, the metric remains almost 72% below its peak in December 2024 of $ 7.66 billion.
However, a surge of the volume of trade can signal that buyers and sellers are actively moving in anticipation of the next step.
