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XRP price flippening: What caused the change in trend?
After breaking through $2.70, XRP failed to sustain its upward momentum and recently experienced a significant price pullback, with market sentiment turning cautious. Despite showing a bullish trend, the coin encountered a bottleneck at a key resistance level, and buyers failed to maintain enough momentum to drive prices further up.
Potential bearish signal
If XRP fails to hold above $2.65 (50-day EMA), it may confirm a bearish flippening. The next key support level is $2.25, which was the starting point of XRP's rebound.
The future trend depends on the recovery situation
To regain bullish momentum, XRP must stay above $2.75 in the coming days. If the price breaks through this level again, it may trigger buying interest and push the price close to $3.00. However, if there is insufficient buying pressure, the price may fall back to a lower support range.
Market attitude is cautious
Currently, the market trading volume is low, with RSI around 45, which means XRP may experience bi-directional fluctuations. If it falls below the $2.25 support, the price may further test $1.75. The future trend of XRP still depends on market sentiment and overall trend.
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