Ripple (XRP) holds the recent decline at around $0.47 on Thursday.
Ripple holders realized losses on their XRP tokens for the ninth consecutive day on Thursday. Traders have taken over $41 million in losses since June 18, according to Santiment data. XRP hovers around $0.47, wiping out over 5% in value in the past seven days. Ripple holds the recent decline at around $0.47 on Thursday.
The Moving Average Convergence Divergence indicator supports the bearish thesis, with the signal line crossing above the MACD line and the red histogram bars under the neutral line. There is underlying negative momentum in Ripple’s price trend. XRP/USDT daily chart Ripple’s close above the Fair Value Gap between $0.4825 and $0.4841 could invalidate the bearish thesis and push XRP higher toward the resistance at $0.4955.
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