✨ Analyst Says XRP Price On The Verge Of Bearish Breakdown
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The XRP price has been bearish all through December, with key support zones failing to hold through the growing sell pressure. While the altcoin hovers around the $1.80 price level, recent on-chain evaluation shows that the XRP price could be in a precarious situation. Bearish Divergence Materialize
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The XRP price has been bearish all through December, with key support zones failing to hold through the growing sell pressure. While the altcoin hovers around the $1.80 price level, recent on-chain evaluation shows that the XRP price could be in a precarious situation. Bearish Divergence Materializes Between RSI And XRP Price In a Quicktake post on the CryptoQuant platform, market analyst CryptoOnchain highlighted that there is a convergence of both technical and on-chain events, which reveal an imminent bearish phase for the XRP price. Related Reading: Cardano Founder Addresses ADA Dump Rumors, Is He Behind The 80% Price Crash? The analyst first pointed out that the XRP price is painting an unsettling picture on its weekly chart, basing this hypothesis on the technical context. While the XRP price hovers near recent highs, indicating intentions to recover previous levels, its momentum tells a contrasting story. CryptoOnchain explained that a bearish divergence has formed between the