Recently, XRP attempted to reach a new all-time high (ATH) of $3.40 but failed, retreating to its current price of $3.15. This decline occurs amid a growing bearish momentum on the charts.
Investor participation has decreased, adding pressure on the altcoin's performance. The Daily Active Addresses (DAA) Price Divergence shows a clear sell signal, reflecting dwindling network activity and reduced transaction volume, highlighting waning confidence in the altcoin.
If investor withdrawal from network activities continues, XRP's price could face increased selling pressure. Lack of strong transactional engagement weakens support levels, making the altcoin vulnerable to sharp corrections.
The macro momentum of XRP indicates more downside risks, with the MACD on the verge of a bearish crossover. This technical indicator suggests selling pressure is overtaking buying pressure, raising concerns among traders.
Persisting bearish factors could push XRP to a critical support level of $2.73, marking a 13% correction, and further declines to $2.18 could erase recent gains, reinforcing the bearish outlook.
Conversely, if XRP secures $2.73 as strong support, it could potentially rebound and surpass the ATH barrier, reviving investor confidence by forming new highs.
Дереккөз: es.beincrypto.com ↗