The price of XRP is heading towards the critical support that drops below 2 Dollar? Recently
The price of XRP is heading towards the critical support that is dropping below 2 Dollar. Recently, the price of XRP refrained from offering huge moves with the possibility of marching towards higher goals. Meanwhile, a decrease in the strength of the bulls could raise some concerns about the upcoming basic action. The price has been moving quietly, down 5.34% since the beginning of the week after losing a similar margin over the weekend. However, the bears have held a tight grip on the rally, suggesting that support at two dollars could be broken in the coming days. The price of XRP is in case of confirmation of a short-term bearish pattern as it heads towards the critical support zone around $2.04. The drop below the range is expected to start a further decline. However, breaking the range can present some challenge, as the bulls captured the range and prevented it from draining under the range. However, the volatility of the token has dropped sharply, suggesting that the price may remain uniform for a while before the next price action begins. The XRP daily price chart indicates that the token is trading on crucial support in the 200-day MA at $2.07. Although the token has led to a rebound, the bullish divergence has not been validated, which may occur once the price rises above the average Bollinger bands. These bands run almost parallel to each other, hinting towards a decrease in volatility as bulls and bears fail to exert pressure. Meanwhile, RSI and MACD are hinting at a bearish continuation, which could raise some concerns. MACD, which has just risen to positive range, has led to a bearish crossover and returns to negative band. Moreover, the RSI maintained a sharp sharp trend and fell below the average range. This indicates a significant decrease in the strength of the pool that may force the price to remain within a uniform range. Thus, it is believed that the price of XRP falls below the downtrend line for a while, which may attract buying volume, but the recovery to $ 2.5 still depends heavily on the induced volume. Therefore, the buy zone for the XRP price can be around $1.85, which is a strong support and a potential reversal zone, resulting in an entry. A confirmed bounce from the range between $1.85 and $1.90, targets could be $2.95 after surpassing $2.5 and later at $3.39 and $3.87.
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The price of XRP is heading towards the critical support that drops below 2 Dollar? Recently
The price of XRP is heading towards the critical support that is dropping below 2 Dollar.
Recently, the price of XRP refrained from offering huge moves with the possibility of marching towards higher goals. Meanwhile, a decrease in the strength of the bulls could raise some concerns about the upcoming basic action. The price has been moving quietly, down 5.34% since the beginning of the week after losing a similar margin over the weekend. However, the bears have held a tight grip on the rally, suggesting that support at two dollars could be broken in the coming days. The price of XRP is in case of confirmation of a short-term bearish pattern as it heads towards the critical support zone around $2.04. The drop below the range is expected to start a further decline. However, breaking the range can present some challenge, as the bulls captured the range and prevented it from draining under the range. However, the volatility of the token has dropped sharply, suggesting that the price may remain uniform for a while before the next price action begins. The XRP daily price chart indicates that the token is trading on crucial support in the 200-day MA at $2.07. Although the token has led to a rebound, the bullish divergence has not been validated, which may occur once the price rises above the average Bollinger bands. These bands run almost parallel to each other, hinting towards a decrease in volatility as bulls and bears fail to exert pressure. Meanwhile, RSI and MACD are hinting at a bearish continuation, which could raise some concerns. MACD, which has just risen to positive range, has led to a bearish crossover and returns to negative band. Moreover, the RSI maintained a sharp sharp trend and fell below the average range. This indicates a significant decrease in the strength of the pool that may force the price to remain within a uniform range. Thus, it is believed that the price of XRP falls below the downtrend line for a while, which may attract buying volume, but the recovery to $ 2.5 still depends heavily on the induced volume. Therefore, the buy zone for the XRP price can be around $1.85, which is a strong support and a potential reversal zone, resulting in an entry. A confirmed bounce from the range between $1.85 and $1.90, targets could be $2.95 after surpassing $2.5 and later at $3.39 and $3.87.