As the decline in the encryption market increased, XRP has decreased by 23.84 % in the past seven days. Currently, the cost of XRP is the maximum market for $ 118 billion, making it the fourth largest encrypted currency.
However, the morale of the market declining from the fear and greed index has decreased to 21. Moreover, the total number of the encryption market has decreased at $ 2.66 trillion, which represents a decrease of 7.57 % in the past 24 hours.
While Bitcoin is struggling near the $ 80,000 brand, it warns the increasing decline in the encryption market of the possibility of a decrease in the price of XRP less than two dollars.
XRP price analysis
In the daily graph, the XRP price direction reached a $ 2 psychological mark with a 6.93 % withdrawal inside the day. This represents a 20 % decrease this week, followed by 5.60 % correction in the previous week.
Moreover, Altcoin price movement reveals a declining collapse of the emerging canal style to reach a $ 2 psychological mark. As the price rejection of the candle decreased during the day, it reached a mark of 24 hours at $ 1.9485.
Since XRP warns of a possible closure under the two -dollar psychological brand, the broader market expects a rapid correction. Macd and Cronsover’s signal lines have given deeper sink in the negative area.
Moreover, negative graphs grow in severity. The daily RSI line has reached the level of excessive sale limits that hints to a possible decline in the sale area. Thus, technical indicators suggest a possible fall.
XRP price goals
Based on Fibonacci levels, XRP is currently combined between 38.20 % and 50 % Fibonacci. These decisive horizontal levels are priced at $ 2.22 and $ 1.89.
The correction is likely to decrease at the Fibonacci level by 50 % to $ 1.56. Consequently, the price work analysis reveals a negative risk of more than 20 %.
On the other hand, the rejection of the low price near the Fibonacci level by 50 % has led to multiple appearance. This happened on February 3, December 10 and December 1, 2024.
$ Xrp You can prepare for a relief gathering because the TD sequence index flashes a signal signal on the watch chart! pic.twitter.com/ahtqjfaljt
Ali (ali_charts) February 28, 2025
Since daily price movement reveals a possible fall, Ali Martinez as an encryption analyst highlights a possible reflection based on the early timeline. In his speech tweetThe analyst, the td series, which was threatened with a sign of purchase among the upscale struggle near the $ 2 psychological brand.
Thus, with a possible recovery, the XRP price can re -test the resistance trend line resulting from $ 2.48.
