at press time after sliding for the last three weeks. Traders should note that, as of 12 July, it was struggling to secure directional volumes at an ascending support level. Also, its price action demonstrated some support weakness which suggested a notable probability of sliding lower.XRP’s money flow registered a bit of an uptick more recently after almost dipping into oversold territory. This does not necessarily mean that it is safe from the bears.
On the other hand, there are some on-chain findings that may support a bullish bounce in the next few days.Investor sentiment has been on a steady uptick for the last 30 days as indicated by the weighted sentiment metric. Ripple’s growing development activity could also be a contributing factor to the growing investor confidence.Although the above findings favor a potential upside, low buying pressure continues to hold back the XRP bulls.