Altcoins News
By Sakamoto Nashi
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XRP’s price recently showed signs of weakening as it failed to hold above the $3.25 resistance zone and is now testing key support levels.
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Earlier, XRP gained momentum and broke through resistance at $3.20 and $3.25, reaching a high near $3.38. However, this upward push was short-lived.
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The recent dip saw XRP trading below $3.22 and moving closer to the $3.08 support zone, which is considered a key level based on the 61.
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If XRP manages to hold above $3.08, it could stabilize and attempt another upward move. On the upside, the immediate hurdle lies around $3.
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Conversely, failure to regain and maintain these resistance levels may expose XRP to further downside risks. A drop below $3.08 could lead the price to test the $3.
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Technical Indicators Signal Bearish Momentum
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Technical analysis offers a mixed picture, with momentum indicators tilting toward caution. The hourly MACD (Moving Average Convergence Divergence) has picked up speed within the…
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XRP’s current price behavior suggests that bulls need to regain control quickly to avoid a deeper correction. The key to this will be defending the $3.
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This phase of consolidation and testing is common for cryptocurrencies following sharp price moves, as traders reassess positions and the broader market reacts to news and…
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