Several cryptocurrencies were struggling to stay afloat near the resistance levels despite a rise of the collective market cap to $354 million. While a pullback might actually play out in the near term, a high sell-off, however, at this point appears to be highly unlikely.
As bearish pressure continued to mount on XRP, the coin was found to be trading at $0.249 after a minor surge of 0.35% over the past day. It registered a market cap of $11.24 billion and a 24-hour trading volume of $1.84 billion.
The dotted markers aligned below the XRP price candles depicted a bullish phase for the coin. The steady increase in the RSI which was now targeting the 50-median line further indicated a sentiment of decreasing sell pressure among the traders in the XRP market.