Altcoins News
By Maheen Hernandez
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XRP Drops After Rejection at $3.6. After reaching a local high of $3.6, XRP began a correction phase marked by a consistent pattern…
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Technical Indicators Confirm Bearish Momentum. The technical outlook for XRP has also turned bearish.
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Volume Profile Highlights Seller Dominance. Another signal confirming the bearish trend is the recent volume data.
4 / 15
What to Watch This Week. XRP traders should keep a close eye on a few critical price zones and technical signals in the…
5 / 15
Market Sentiment and Broader Outlook. XRP's recent correction comes after an impressive rally that brought it to multi-year highs.
6 / 15
Final Thoughts. XRP is at a critical point in its short-term cycle. A defense of the $3 support level could offer…
7 / 15
Ripple's XRP token is undergoing a price correction after its recent rally was stopped at the $3.6 resistance level.
8 / 15
XRP’s latest price behavior signals a notable shift in market sentiment. Traders who rode the wave of XRP’s earlier gains are now stepping back, while sellers are gaining ground.
9 / 15
The technical outlook for XRP has also turned bearish. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) have moved into negative…
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With neither indicator suggesting a reversal, XRP may continue its downtrend unless buyers step in at key support levels.
11 / 15
Another signal confirming the bearish trend is the recent volume data. Over the past 15 days, XRP has closed five consecutive 3-day candles in red — a clear sign that sellers are…
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However, there’s a twist. The volume profile itself is making lower lows. This could be interpreted as a sign of seller exhaustion, meaning the bears may be running out of steam.
13 / 15
Support Level at $3: This is the current battleground. If XRP holds this level, it might bounce back. A break below it, however, could see XRP fall to the next key support at $2.7.
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Resistance Level at $3.6: This remains the primary obstacle for any bullish recovery. XRP would need to break and hold above this level to reverse the current trend.
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MACD and RSI Trends: Continued movement in bearish zones suggests caution. A bullish crossover or RSI moving above 50 would be early signals of recovery.
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