XRP Surges 13%, But Low Demand Signals Gains May Be Short-Lived 📈
XRP has surged by 13% within the last 24 hours, aligning with a general rebound in the cryptocurrency market after experiencing recent declines. This recovery, however, might be temporary given that technical data and on-chain indicators suggest insufficient demand to sustain the rally.
Market sentiment improved following Donald Trump’s decision to delay proposed tariffs, yet XRP's trading volume fell by 22%, signaling weak buying momentum. This indicates an unsustainable rally and risks a price reversal.
With a negative Balance of Power (BoP) at -0.57, bearish pressure remains, hinting that unless demand increases, XRP could drop below its current $2.57 price.
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