XRP has fallen by more than 4% over the past 7 days, showing weakness. Momentum indicators like RSI have plummeted to 39, indicating increasing bearish pressure.
The Ichimoku chart and moving average patterns both point to a continuation of the downtrend, with the possibility of a death cross appearing on the chart. If XRP fails to defend key support levels and break through resistance future path is likely to lean towards further.momentum Weakening......RSI
's a href="https://beincrypto.com/learn/rsi-indicator/" rel="nofollow">Relative Strength Index (RSI) hasplummeted from 50.84 to 39 in just one day.This indicates a clear change in short-term momentum, suggesting that selling pressure is increasing as buyers retreat.
The fall below the the neutral 50 level indicates thatbearsrs are currently dominating the market. If momentum does not reverse, XRP could continue to decline in the short termp><>
The RSI is a momentum measurement indicator that measures the speed and change of price movements, ranging from 0 to 100. A value above 70 indicates an overbought state and warns that an asset may be due for a correction. A value below 30 suggests an oversold condition and the possibility of a rebound.
XRP's is currently at, a href="https://kr.beincrypto.com/base-news/113071/" rel="nofollow">entering the bearish zone but not yet reaching oversold levels.
If the RSI continues to fall below 30, it could open the door to a potential rebound, but currently, momentum weakness and caution towards bullish traders are necessary.strengthening the bearish sentiment going forward.The The Conversion Line) is below the the Base Line (line that-weaker than the-medium-term trend.
Additionally, the forward cloud is flat and thick, suggesting a strong resistance level if XRP attempts to rebound.
Without a bullish crossover and if theRP price fails to consistently break through the Conversion and Base Lines,, Lines,ward the chart reflects continued selling pressure.Unless XRP closes above the cloud and flips Span A above Span B, the trend will remain favorable to bears.
Cross Imminent...Key Support LevelIf this bearish crossis confirmed, XRP could experience increased selling pressure and may test the key support level of $2.26.
A fall below this could open a deeper decline to $2.07, potentially reinforcing the current downtrend.
However, if XRP maintains support at $2.26 and reverses momentum, it could attempt to move to the resistance level of $2.359.
A successful break there could push the price to $2.479, and with strong buying pressure, it might even reach $2.65.
However, XRP has below $ for the past 13 days, showing its difficulty in recovering to higher levels.
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