Despite surging by 5.26% on Saturday XRP remains in a bearish formation after another weekly candle close below the $0.2275 level of resistance. It has now failed to trade above $0.2275 since the gruelling capitulation in price during the coronavirus-induced sell-off in early March. Another concerning factor surrounding XRP from an analytical perspective is the descent of trade volume across all major cryptocurrency exchanges, with just $1.6 billion being reported over the past 24-hours compared to a daily volume of more than $5 billion in March. The lack of volume demonstrates a lack of interest from retail investors, which is reiterated by the lack of Google searches for ‘XRP’ in 2020 compared to previous years. As well as this, the ...
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