XRP‘s “False Move” Could Lead it to $0.25 Despite Macro Strength

XRP has been struggling to maintain the upwards momentum that it incurred just over a week ago. XRP Struggles to Gain Momentum as Analysts Eye Short-Term Downside At the time of writing, XRP is struggling to garner any momentum as its price hovers below its key resistance at $0.30.

Analysts are now noting that this price action may have marked a “false move” that suggests further downside is imminent in the near-term. “XRP (USDT) update – breakout was a “False move”, 25 cents seems reasonable, lower range of high wave spinning top,” he said while pointing to the chart seen below.

Timeline of Xrp, Tether