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XRP Price Outlook: Bears Target $1.60 as 90-day MVRV Signals Top

coingape.com

23 min ago

XRP Price Outlook: Bears Target $1.60 as 90-day MVRV Signals Top

XRP price has been trading in low volatility for the last two days, with fluctuations between $2.10 and $2.18 despite a gloomy outlook in the broader crypto market caused by geopolitical tensions. At press time, XRP trades at $2.16 with a modest 1.8% gain as daily trading volumes on June 14 dropped by 34% to $2.74 billion. A bear flag pattern now signals that Ripple’s price could drop to $1.60 as the 90-day MVRV ratio signals a local top formation.

https://coingape.com/markets/xrp-price-outlook-bears-target-1-60-as-90-day-mvrv-signals-top/?utm_source=CryptoNews&utm_medium=app