The XRP code has been suffering from a unification period during the past few days. Between $ 2.02 and $ 2.08 has been combined over the past four days. This reduced activity can generally be attributed to the negative feelings in the encryption market.
Currently, XRP is traded at $ 2.07. There is a strong support level of about $ 2.00, which has been carrying the price since November. This support area is likely to continue to provide XRP floor today, which prevents more from the negative side.
Technical indicator analysis of the XRP price today
The artistic image of XRP shows censorship signals through multiple indicators.
RSI (14) He stands at 36.07. This indicates the landfill without reaching the sales lands. It indicates poor purchase pressure and a declining bias in the market.
MACD (12,26) Read -0.004 confirms that the short -term moving average remains less than a long -term average. It enhances continuous declining pressure. This supports the possibility of continuing the declining movement unless we see a major transformation in the momentum.
CCI Channel Index (CCI) A very low reading of -161.52 appears. Reading indicates that the original is greatly exaggerated. Although this may indicate a possible presence, the negative value is strongly confirming the current weakness in the work of the XRP price.
Other indicators such as Lower/lower (14) In -0.0365, The change rate In -3.703, and Taurus power/bear At -0.0488, all of them draw the same image: sellers still control the XRP market today.
Possible price scenarios of Ripple price today
Detaire scenario: If the market remains negative and the trading volume remains low, XRP may test this important support level of $ 2.00. If this collapses, we may see the price drop to about $ 1.95 -1.98 dollars during the day. But remember that the level of $ 2.00 has been strong since November.
The climbing scenarioDespite the declining signals, the readings readings on indicators such as CCI and RSI may attract opportunistic buyers who are looking to buy at reduced prices. If buyers enter, we can see a modest recovery towards a level of $ 2.09 -2.10 dollars. For the most fundamental recovery, the total market morale will need to improve significantly.
Also read: The encryption expected that XRP is about to break down – here is the reason
XRP price expectations today
XRP is likely to remain between $ 2.00 and $ 2.08 today, as prices tend to the downside. Without some positive news for Ripple or a change in the total market, XRP is likely to test the support level of $ 2.00 again instead of breaking $ 2.08.
Most trading today will occur between $ 2.02 and $ 2.06. Watch the 2.00 dollar level – it’s it is very important for the XRP price in the short term. The price of the ripples rose from this level before, but it continued to sell the pressure could test it again today.
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