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The XRP price has now moved back into bearish territory after a remarkable run 
on the daily chart that had been signaling possible bullish momentum. Crypto 
analyst Master Ananda points this out in a post that shows a disturbing trend 
in the XRP price chart. If this continues, then the future of XRP, at least in 
the short term, has become even more uncertain, with bears fighting for more 
control. 4 Green Daily Closes Fall to Nothing After suffering a crash along 
with the rest of the crypto market, the XRP price had faced a recovery that 
seemed to have put it right back on track to rally again. This saw the first 
green daily close on the last day of May and then carried on into the new 
month of June. The first three days also closed in the green, leading to four 
consecutive daily green closes, which is usually bullish for the price. 
Related Reading: Bitcoin Price Crash Below $100,000 Still Possible: Analysts 
Issue Downtrend Warnings However, there was just another part of the trend 
that was not completed to show that this was a bullish move, and it has to do 
with volume. As Master Ananda pointed out, a spike in volume was expected as 
the XRP price put in a higher low. This would mean there is the momentum 
needed to push the price back up. But this was not the case as the volume 
plummeted and remained muted. The absence of this expected volume suggests 
there is weakness surrounding the XRP price, and this played out as the next 
day saw a red close for the altcoin for the first time in June. If this lack 
of momentum continues, then the price could continue to plummet. So far, there 
is now resistance mounting at the 0.382 Fibonacci level, which is $2.2959. 
This resistance would need to be cleared with a spike in volume if there is to 
be a recovery in the XRP price. Otherwise, it risks a fall back down to the 
0.236 Fibonacci level, meaning the first steps toward falling below $2. 
Related Reading: XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level 
As Next Target XRP Price Could Fall As Volumes Suffer Data from Coinglass 
shows how bad the XRP volume has been recently. So far in June, daily volume 
has remained well below $5 billion, reminiscent of the bear market figures 
whenever the price was falling. This also shows reduced participation from 
investors who are wary of entering the market during such conditions. 
Interestingly, though, open interest remains rather high, $3.94 billion, 
showing that crypto traders are actively betting on the XRP price. However, 
the majority are betting that the XRP price will continue to fall from here, 
with Coinglass data showing 52.75% of all positions being short compared to 
only 47.25% betting the price will increase. Featured image from Dall.E, chart 
from TradingView.com

XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?

On Tuesday, the National Bank of Kazakhstan announced the launch of one of its 
digital assets integration projects, the implementation of crypto cards. These 
cards, which allow users to complete non-cash purchases, are linked to wallets 
containing cryptocurrency that can be liquidated at the time of a transaction, 
allowing merchants to receive money after the […]

National Bank of Kazakhstan Launches Crypto Card Pilot Project

With threats from quantum computing and growing cross-chain demand, QRAMP 
offers a non-custodial approach to protect and project Bitcoin.