XRP faced a reversal as price has reached a crucial price level
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This resistance is not just a superficial chart pattern; it is substantiated by underlying on-chain data. The adjusted Network Value to Transactions ratio, which is often referred to as a measure of the network's value relative to the transaction volume, has seen a noticeable decline.
This volume contraction at the crucial $0.7 juncture may suggest that investors are taking a step back, reassessing their positions, and are perhaps uncertain about XRP's short-term potential. A consolidation phase often follows such high volatility periods, which may be what we are currently witnessing with XRP. faces a formidable obstacle at the $0.37 mark, a resistance level that appears nearly insurmountable at this juncture.
Such a reversal would not just be a minor setback; it could trigger a broader sentiment shift, leading to a potential domino effect of sell-offs in the market. If Cardano fails to breakthrough, it could cement the perception of $0.37 as an almost mythically strong barrier, further compounding the psychological resistance at this price level.
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Data brokers selling military members’ personal data is a national security riskAndrew Paul is Popular Science‘s staff writer covering tech news. Previously, he was a regular contributor to The A.V. Club and Input, and has had recent work featured by Rolling Stone, Fangoria, GQ, Slate, NBC, as well as McSweeney’s Internet Tendency. He lives outside Indianapolis.
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