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XRP Price Tests Critical Barrier: Will Bulls Lose Steam? Newsbtc il y a 1 semaine

XRP Price Tests Critical Barrier: Will Bulls Lose Steam? 📉

Ethereum XRP Kraken Bitcoin

XRP price has experienced a strong recovery, surging to $2.75. However, it is now facing challenges around the $2.70 zone, which may lead to another downturn. The price is below $2.70 and the 100-hourly Simple Moving Average, with bearish trends forming near $2.710 resistance.

XRP has undertaken a recovery wave from the $1.75 support, initially breaking above $2.25 and $2.55, but remains under the $2.80 threshold. A high at $2.780 is followed by price corrections below $2.62 and the 23.6% Fib retracement level from the $1.750 swing low.

Resistance near $2.780 and $2.80, if overcome, could lead to $2.940 and $3.000 targets. Failing to clear $2.70 could spark a decline to $2.42 or $2.2650. Technical indicators, including MACD and RSI, indicate a bearish trend.

Source : www.newsbtc.com ↗

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