XRP is showing signs of a double bottom pattern, a potential bullish signal, but bearish pressure still remains. According to our analysis, $3 support level is key, as XRP continues to hold above it despite market uncertainty. However, weakening on-chain metrics could put pressure on buyers, potentially causing them to lose momentum and increasing the risk of a selloff.
XRP Records Its Best Month
July has been the strongest month for XRP so far, with the price seeing major gains following several market updates. Data from CoinMarketCap shows that XRP surged over 41% in the past 30 days, holding steady above the important $3 support level.
According to Coinglass, XRP faced a wave of liquidations in the last 24 hours. The total value of these…
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