Ripple (XRP) is struggling to find a clear direction, extending a weak, range-bound slide as technical signals point to a market caught between fading downside momentum and a still-intact broader downtrend. Several leading AI models broadly agree that XRP is in a ‘counter-trend rebound attempt' rather than the start of a sustained reversal, with the next move hinging on whether a key support band breaks.
Bitcoin price crash fears are back in focus after BTC suffered another sharp rejection, wiping billions from the broader crypto market and reigniting concerns over whether the latest rally has already run out of steam.
As Ethereum (ETH) remains trapped below crucial resistance levels, the altcoin seems to be experiencing “one of the most dramatic sentiment reversals in crypto,” with recent data revealing that traders have gone from patience to frustration in recent weeks. Related Reading: Zcash (ZEC) Soars To Six-Month Highs After 110% Rally – Can It Break The $700 Barrier?
Crypto bulls saw more than half a billion dollars wiped out in liquidations after the crypto market printed red indexes all around. The cumulative digital assets market cap dipped by more than 2% over the last 24 hours to hover around $2.53 trillion.