Ripple (XRP) is still struggling to surpass the $2.56 resistance, but its lack of success in this path indicates market weakness and a decrease in investor interest. Recent data analysis shows that XRP circulation speed has reached its lowest level since January 2020. This decrease implies that investors are less inclined to trade Ripple, which could result from uncertainty about the market’s future. Additionally, the Chaikin Money Flow (CMF) indicator has dropped to its lowest level in the past four months and remains in the negative zone, indicating a lack of buying pressure and a continuation of the downward trend in the XRP market. Currently, XRP is trading around $2.36 and is still unsuccessful in breaking through the $2.56 resistance. If this level remains unattainable, there is a possibility of Ripple’s price dropping to $2.27 or even $2.14. However, if XRP manages to reclaim the $2.56 level, it could have a chance to grow to $3. This scenario is only possible if investor confidence improves and overall market conditions shift in favor of XRP. Visit the digital currencies price page to monitor live prices of all tokens and cryptocurrencies.
