PelinayPA
XRP Is Losing Its Market Value
XRP continues to show a weak price structure. Over the past few weeks, the price has been moving gradually lower, forming a series of lower lows throughout June. By the end of the chart, XRP has fallen to around $1.05, indicating that buyers have failed to defend the price. If the psychological $1.00 support fails to hold, XRP could face even stronger downside pressure. Meanwhile, Market Cap continues to shrink. It has declined steadily from above $300 billion to around $105 billion, suggesting that XRP's overall market value is contracting. This indicates that fresh capital inflows remain weak, while existing capital continues to leave the market. The decline in Market Cap is consistent with the price action. At the same time, the Taker Buy/Sell Ratio is failing to provide support for the price. The metric currently stands at 0.97, indicating that sellers maintain a slight advantage. Buying activity in the futures market has weakened, and more importantly, even when the ratio temporarily moved above 1.0, the price failed to respond positively. This suggests that buying pressure has been absorbed by sellers, preventing buyers from gaining lasting control of the market. The Ichimoku Cloud also remains bearish, with the price trading below the cloud. From a technical perspective, this indicates that downside pressure is still dominant. Based on the current data, both the technical indicators and on-chain metrics point to weak demand and persistent selling pressure in XRP. At the moment, the overall market structure remains bearish.