The price of XRP at a critical turn, where traders see the support level of $ 2.4 to determine the next step for the distinctive symbol. The latest procedure for the price shows a mixture of bullish recovery signals and the hidden risks, leaving the market participants a decision – accumulating weakness or exit near the resistance.
XRP key levels to watch
The cryptocurrency has declined from its last highest levels, as the price movement showed mixed signals on the graph for four hours. The level of $ 2.4 appeared as a major support, and its strength will determine the short -term trend of the distinctive symbol.
A break can offer less than $ 2.4 the market for liquidity aside approximately $ 2.326, which increases the chances of further declines. However, the cryptocurrency may refresh towards the areas of the higher resistance if the buyers are defending this level. The market has already shown a shift in the structure, indicating that the price movement may be volatile in the upcoming sessions.
Moreover, the scheme shows critical levels that monitor merchants. The immediate resistance is $ 2.581, which corresponds to the level of Fibonacci tradition by 50 %. The collapse over this area can allow buyers to pay the price towards the liquidity level of $ 2.83.
The goals of the additional upward trend include $ 3.15 and $ 3.55, which are in line with Fibonacci extension levels. On the downside, failure to keep more than $ 2.4 can test 2.326 dollars. The collapse below this support may indicate an increase in sales pressure, which puts $ 2.10 as a potential goal.
Bias in the graph and market expectations
The market structure suggests the frequency, with the distinctive XRP trading within an upward wedge style. This configuration often indicates the weakening of momentum, which makes the next penetration very important to the price direction. Moreover, the 41 -year -old RSI Index (RSI) is currently retreating, hinting that the cryptocurrency market prefers the bears slightly.
However, if RSI recovered over 45, it may indicate a transformation in momentum, in favor of purchase strategies. On the contrary, the constant decrease is less than 40 will confirm the declining control, which increases the possibility of collapse. the Data on the series Supports more uncertainty in the XRP price movement.
With 75.26 million dollars of external flows on February 18, 2025, investors appear to be transporting holdings outside the stock exchanges, and often a sign of accumulation. However, the price of the distinctive symbol for XRP at $ 2.5628 indicates that buyers lack momentum. If external flows continue without price recovery, subsidies may weaken $ 2.4, which increases the risk of a decrease to $ 2.326.
Again, the liquidation data shows $ 8.7 million in the long qualifiers, which exceeds $ 2.21 million in short pants, indicating that the bulls faced more forced exits. If the short qualifiers increase, it may indicate a reflection of about $ 2.83. Otherwise, XRP may remain under pressure, making the next step critical.
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