XRP’s $1 Milestone Overshadowed by $17 Billion Volume Crash 📉
On November 17, Ripple's (XRP) price hit $1, its first in three years, while seeing a $24 billion volume. However, this volume has since decreased significantly.
This decline signifies reduced interest, sparking concerns about XRP's price stability. Analysis suggests a rising price alongside dwindling volume indicates weakening momentum, risking a downward trend.
Social dominance, representing the cryptocurrency's market attention, has also dropped. Its decline suggests diminishing visibility, potentially signaling further price reductions.
Price predictions suggest XRP could fall to $0.80 if buying pressure continues to decrease. A reinvigorated volume could drive the price back to $1.26.
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