XRP has a bearish structure and the lack of strong capital inflows in October meant that further losses were likely to arrive in November.
highlighted increased interest from investors, but the price action showed a bearish outlook on the daily timeframe. In the past week,Since August 2023, XRP has been confined to a range formation that stretched from $0.72 to $0.46. In July 2024, the price appeared to fall below the range lows, but was quick to recover, bouncing as high as $0.638.
At the same time, the $0.52 level has been a reliable support level, but on Friday the 25th of October, bears forced XRP to drop to $0.486.
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