XRP Bull’s March Fades as Prices Plummet to $0.4, a 1.02% Slump

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• According to recent study, the XRP market has been dwindling steadily.
• Falling market capitalisation and transaction volume are contributing factors to this decline.
• During the rise, XRP ran into resistance at $0.4108 and came across support at $0.3952.

XRP prices dropped by 1.02% to $0.4, indicating that bear influence was beginning to prevail as bulls were losing ground.

The 24-hour trading volume and market capitalization of XRP dropped during the decline by 0.20% and 11.94%, respectively, to $20,163,394,602 and $843,340,887. Declining volume in a downtrend like this one may be a sign of a possible reversal and a great time to buy.

XRP/USD 24-hour price chart source: CoinMarketCap

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