Engaging Title: “Ripple (XRP) Struggles in Recovery Post Crypto Crash”

Jun 20, 2024

Metablox NFT save memories to the blockchain


Everyday we create memories that are attached to places, but how will future generations know what happened to us? 

Metablox is saving our most important memories on the blockchain, and you can own the real world places the memories happened.


Ripple (XRP) Price Struggles to Recover from Crypto Market Crash


Ripple (XRP) price has struggled to recover from losses incurred in the recent crypto market crash. Analysts are optimistic but XRP must surpass key support and resistance levels for a significant rebound.


The XRP price has broken down from its rising parallel channel and is facing challenges in reclaiming previous positions despite trader interest and consistent trading volume.

Main Points

Ripple (XRP) has been unable to recover losses from the crypto market crash caused by the collapse of the Terra ecosystem. While other tokens have seen improvements, XRP has struggled to regain value. The price stagnation is accompanied by a trading volume of around $1 billion daily.

The XRP price previously maintained a rising parallel channel but has since broken down, struggling to surpass $0.5. The low volatility may indicate further price drops. The Ichimoku cloud signals dominance of bears in the market.


To achieve a bullish rebound, XRP must move above $0.58 and surpass the resistance zone between $0.85 and $0.9 to reach the milestone of $1. Despite challenges, analysts and traders remain hopeful for a potential upward trend in XRP price.