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XRP Price Retraces After Failing To Clear $2.7, More Losses Ahead? Newsbtc 1 सप्ताह पहले

XRP Price Retraces After Failing To Clear $2.7, More Losses Ahead? 📉

XRP TradingView

XRP's recent attempt to break the $2.7 resistance was met with strong selling pressure, leading to a fresh decline. This shift in market sentiment has seen bears gain control, pushing the price lower. Traders are eyeing key support levels to determine XRP's next move as technical indicators signal growing weakness.

The inability of XRP to sustain an upward breakout triggered more selling pressure, aligning with bearish sentiment and bringing the altcoin closer to crucial support zones. The price trading below the 100-day Simple Moving Average further confirms the bearish outlook.

Increased intensity in selling pressure necessitates monitoring key support levels like the $1.9 zone. A break below this could accelerate the negative trend toward the $1.7 and potentially $1.3 regions. However, a bounce from these levels remains possible if buyers step in, potentially reversing the trend.

स्रोत: www.newsbtc.com ↗

समान लेख (42)

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