Ripple Faces Selling Pressure: Will XRP Sustain Its 10% Daily Rebound?
Ripple is currently under significant selling pressure amid escalating trade tensions between the U.S., China, Canada, and Mexico. The cryptocurrency recently broke below its ascending wedge pattern, a critical technical indicator. As a result, volatility has increased, leaving many market participants uncertain about the next direction for XRP. While a 10% daily rebound shows promise, analysts warn that sustained selling pressure could hinder ongoing recovery efforts. Traders eagerly await clearer signals to determine future price movements and market sentiment. Understanding the current landscape is essential for making informed decisions in the ever-changing crypto market.