TL;DR Breakdown
- Ripple price analysis shows price declined more than 4 percent over 24 hours
- Price unable to test $0.86 resistance after initially launching as high as $0.805
- Trading volume and XRP market cap also dropped during the day’s trade
Ripple price analysis is bearish today, with the token having fallen as low as $0.727 over the past 24 hours. Price lowered more than 4 percent during the day’s trade, with trading volume and market capitalization also decreasing the same. XRP has been unable to test the resistance zone at $0.86 after the initial expectation that the uptrend on March 1 would jump up to $0.90. However, Ripple has been able to maintain support at $0.70 and continues to float above the buying demand zone. Price will have to decrease further before an upturn can be found and till then the bearish signs are set to continue.
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