Echoes

Coin

<ul class="news-points"> 
 <li><strong>XRP’s recent dip below key moving averages paints a bearish picture for the cryptocurrency.</strong></li> 
 <li><strong>Ripple vs. SEC saga keeps XRP in limbo as market indicators signal potential further decline.</strong></li> 
 <li><strong>Bearish dominance in the XRP market records a 3-week low before establishing solid support.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/">Cryptocurrencies</a> are known for their volatility, but XRP’s recent bearish performance has sparked particularly intense debate among experts. Besides being the fifth-largest crypto by market value, XRP has been the subject of a marathon legal skirmish.</p> 
<h2 class="wp-block-heading" id="h-historical-echoes-and-market-movements"><a></a><strong>Historical Echoes and Market Movements</strong></h2> 
<p>Recently, XRP faced a significant price tumble, mirroring its performance after a crucial July ruling by Judge Torres. After another judgement favorable to Ripple, XRP surged to $0.549 on October 3rd. However, a flurry of profit-taking activities saw XRP’s gains almost wiped out within days. As a result, the currency dropped by 2.68% by mid-October.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
  <img decoding="async" src="https://coinedition.com/wp-content/uploads/2023/10/XRP-23.png" alt="" class="wp-image-342250" style="width: 100%;height:538px" width="647" height="538" srcset="https://coinedition.com/wp-content/uploads/2023/10/XRP-23.png 763w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-300x249.png 300w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-380x316.png 380w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-107x89.png 107w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-536x445.png 536w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-297x247.png 297w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-289x240.png 289w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-199x165.png 199w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-254x211.png 254w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-84x70.png 84w, https://coinedition.com/wp-content/uploads/2023/10/XRP-23-90x75.png 90w" sizes="(max-width: 647px) 100vw, 647px">
  <figcaption class="wp-element-caption">
   <em>XRP/USD 7-day price chart (source: <a href="https://coinstats.app/coins/ripple/" target="_blank" rel="nofollow">CoinStats</a>)</em>
  </figcaption>
 </figure>
</div> 
<p>Amid a slump in the broader cryptocurrency market, <a href="https://coinedition.com/ripple-xrp-price-prediction/">XRP’s price</a> subsequently fell from a high of $0.52 to a three-week low of $0.4829. Despite the uptick, the currency continued to fall, trading at $…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/xrp-faces-further-decline-as-bearish-dominance-continues/">XRP Faces Further Decline as Bearish Dominance Continues</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

XRP Faces Further Decline as Bearish Dominance Continues

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