This Bitcoin 2016 Fractal Could Send XRP Price Towards $6: Analysis
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- XRP retail interest drops as Google search activity declines sharply in the U.S.
- XRP trades above $2.10, but resistance at $2.25 and 21W EMA remains unbroken.
- Trading volume dips 26% as XRP struggles to confirm a bullish breakout.
XRP faces conflicting signals: retail engagement seems to be dropping, yet at least one analyst sees a major bullish pattern developing. Indicators like Google Trends and trading volume show declining public interest, even as XRP’s price holds steady.
Is Retail Interest in XRP Fading Despite Stable Price?
Data from Google Trends and market analysts suggest XRP is trading within a narrow range while attempting to hold above key levels that could define its short-term trajectory.
Insights shared by STEPH IS CRYPTO reveal XRP-related US Google search activity dropped sharply between April 14 and April 15, after peaking likely due to Ripple/SEC case speculation.
By late morning April 15, interest stabilized at much lower levels. Additionall…
The post This Bitcoin 2016 Fractal Could Send XRP Price Towards $6: Analysis appeared first on Coin Edition.
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