XRP Price Rejected At $0.48, What’s Next For XRP?

XRP price has met with selling pressure each time the bulls tried to move past the $0.48 price level. XRP declined by almost 1% over the last 24 hours. Over the past week, the altcoin depreciated more than 6%. The bulls could be back on the chart if the coin breaks past its immediate resistance level. The technical outlook for XRP signalled that the bears are in control as demand for XRP had fallen. For the bulls to power through, it is important that demand for the altcoin returns to the market. At the moment, all technical indicators have painted a bearish image for the altcoin. If buyers continue to remain low, a fall to $0.40 is just a matter of the next trading sessions. Once the coin pierces below the $0.40 mark, it could also trade at $0.38. XRP has made a significant recovery since last month, but buying strength has remained inconsistent, causing the coin to falter. XRP price is trading almost 87% lower than its all-time high of 2018. XRP Price Analysis: One-Day Chart The altcoin was trading at $0.46 at the time of writing. It tried to topple over the $0.48 price mark, but the bears took over. The coin has not been able to hold its recovery as demand for XRP continued to decline this month. Overhead resistance was at $0.48. However, the bulls would only take charge if XRP traded above the $0.48 price mark. Once the altcoin breaks above the $0.51 level, the bearish pressure will fade out. On the other hand, less demand...