Momentum

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Amidst the notable rebound from the lows, XRP faced rejection near $0.5500.</a> </li> 
 <li> <span>2</span> <a>Key indicators still favor the bears, which is a primary concern for the bulls.</a> </li> 
</ul>  
<p>Despite the significant reversal from the demand zone of $0.4500 and a notable recovery of over 15% this month, <strong>XRP crypto</strong> took a pause and faced rejection near the 200 day EMA mark.</p> 
<p>The bear cartel is still holding their grip near $0.5500 and sharply pushed bull from there, resulting in rejection in the last sessions.</p> 
<p>Amidst the downtrend, buyers have attempted a <strong>reversal</strong> due to the<strong> lack of momentum</strong>, and bulls have failed. Conversely, the sellers have shown their dominance and are still in the game.</p> 
<p>At press time, the <strong>XRP crypto price</strong> traded at $0.5269 with an intraday drop of 0.55%, reflecting neutrality on the charts. It has a monthly return ratio of -5.20% and 13.20% yearly.</p> 
<p>The pair of XRP/BTC is at 0.00000760 BTC, and the market cap is $29.13 Billion. Analysts are neutral and suggest that the<strong> XRP price </strong>may continue to trade below the 200 day EMA mark and will hover below.</p> 
<h2 class="wp-block-heading" id="strong-xrp-price-action-still-guides-downtrend-strong"><strong>XRP Price Action Still Guides Downtrend</strong></h2> 
<p>For weeks, <strong>XRP crypto </strong>persisted in delivering the<strong> lower low swing</strong> and retested the demand zone of $0.4500. Afterward, a significant rise was witnessed, but buyers did not resist the selloff and looked weak.</p> 
<p>Meanwhile, some of the <strong>key metrics </strong>suggested a rise, while few have still guided the <strong>negative outlook.</strong></p> <iframe loading="lazy" title="Santiment Chart: Price (XRP), Volume (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-11-23T18%3A29%3A59.746Z&amp;dt=2024-05-23T18%3A29%3A59.746Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22filledLine%22%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>The Momentum Indicator (<strong>RSI</strong>) curve stays above the midline region and guides a positive divergence.&nbsp;</p> 
<p>Ranked at 8 on CoinMarketCap, the<a href="https://www.thecoinrepublic.com/2024/03/20/xrp-crypto-forecast-a-bullish-and-bearish-outlook-for-2024/" target="_blank" rel="noreferrer noopener"> <strong>XRP crypto</strong></a> has a total supply of 99.99 billion and the intraday trading volume dropped over 21.31% to $1.14 Billion.</p> 
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-strong"><strong>Price Volatility and Weighted Sentiment</strong></h3> 
<p>Amidst the downtrend, the price volatility witnessed a drop and signifies the lower selloff possibility ahead.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (XRP), Weighted sentiment (Total) (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-11-23T18%3A29%3A59.746Z&amp;dt=2024-05-23T18%3A29%3A59.746Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>Meanwhile, the weighted sentiment looks positive and stayed above the midline region, noting around 0.906.</p> 
<h3 class="wp-block-heading" id="strong-whale-alert-activity-guides-selloff-ahead-strong"><strong>Whale Alert Activity Guides Selloff Ahead</strong></h3> 
<p>In a recent tweet, an <strong>unknown wallet </strong>has transferred over 21,640,000 worth XRP ($11,456,459) to Bitso. This transaction is hinting that the investors have shifted their holding to exchange, which suggests an upcoming selloff is on the horizon.</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 21,640,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (11,446,459 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitso?src=hash&amp;ref_src=twsrc%5Etfw">#Bitso</a><a href="https://t.co/Ew9BoGnRY5">https://t.co/Ew9BoGnRY5</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1793366621219954876?ref_src=twsrc%5Etfw">May 22, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
<p class="has-text-align-center">Source: X</p> 
<h3 class="wp-block-heading" id="strong-surge-in-popularity-strong"><strong>Surge In Popularity</strong></h3> 
<p>This month, <strong>XRPcrypto </strong>has gained <strong>popularity </strong>and witnessed a significant uptick in the past sessions.</p> 
<p>The Social dominance data revealed a rise of over 32% to 1.459% signifying the increase in the media discussion reports among the investors. Meanwhile, <strong>X followers’ data</strong> looked flat and was noted at around -3014.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (XRP), Twitter Followers 7d (XRP), Development Activity (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-11-23T18%3A29%3A59.746Z&amp;dt=2024-05-23T18%3A29%3A59.746Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d%3Bdev_activity&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%238358FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%226h%22%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>Likewise, the <strong>development activity data</strong> favors the growth of the XRP crypto, it surged over 25% to 3.74, articulating the possible bullish trend ahead.</p> 
<h3 class="wp-block-heading" id="strong-futures-oi-data-outlook-strong"><strong>Futures OI Data Outlook</strong></h3> 
<p>The derivative futures data highlights <strong>long unwinding activity</strong>, revealing fear among the investors.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="232" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-293-1024x232.png" alt="" class="wp-image-206663" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-293-1024x232.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-293-300x68.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-293-768x174.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-293-750x170.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-293-1140x258.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-293.png 1451w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p class="has-text-align-center">Source: CoinGlass</p> 
<p>The OI (open interest data) dropped over 0.40% to $625.69 Million in the last 24 hrs, revealing the long unwinding activity.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The<strong> XRP crypto price</strong> remained below the 200 day EMA mark and faced rejection in the last sessions. Additionally, the coin still trades in a downtrend and the sellers have persisted in revealing their dominance.</p>

XRP Price Prediction: Sellers Still in Game, What’s Next For XRP?

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