The price trend of XRP ( in recent times has shown a clear downtrend after a consolidation phase. Market data indicates that XRP experienced a period of sideways consolidation within the range of $2.20 to $2.28, but the channel was subsequently broken, leading to significant selling pressure.
After multiple unsuccessful attempts to break through resistance, the price structure of XRP has changed, ultimately falling to a support level of $2.08. Although there has been a slight rebound from this level, there is still a lack of clear directional signals.
From a technical perspective, XRP needs to firmly regain the 2.18 USD level to attract sufficient buying power. It is worth noting that if the price continues to fail to break through the dynamic resistance marked by the red moving average, the market may continue to lean towards bearish sentiment.
The current XRP trend is at a critical crossroads, and investors should closely monitor the changes in these price levels to determine the direction of the mid to short-term trend.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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Web3ProductManager
· 14h ago
Bullish on user metrics
Reply0
ChainSherlockGirl
· 23h ago
The unfavourable information is too obvious, right?
Reply0
GateUser-87adec4b
· 06-13 17:26
thanks for the importan information
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ZkSnarker
· 06-13 16:50
The longer it lasts, the more it will fall, no doubt.
The price trend of XRP ( in recent times has shown a clear downtrend after a consolidation phase. Market data indicates that XRP experienced a period of sideways consolidation within the range of $2.20 to $2.28, but the channel was subsequently broken, leading to significant selling pressure.
After multiple unsuccessful attempts to break through resistance, the price structure of XRP has changed, ultimately falling to a support level of $2.08. Although there has been a slight rebound from this level, there is still a lack of clear directional signals.
From a technical perspective, XRP needs to firmly regain the 2.18 USD level to attract sufficient buying power. It is worth noting that if the price continues to fail to break through the dynamic resistance marked by the red moving average, the market may continue to lean towards bearish sentiment.
The current XRP trend is at a critical crossroads, and investors should closely monitor the changes in these price levels to determine the direction of the mid to short-term trend.