The price of XRP decreases by 7 % after ETF Buzz – can bulls defend $ 2.60?

The Ripple (XRP) price maintains a firmness higher than $ 2.65 on Monday, as Bulls collected the Haboodi winds from the short -term traders who got profits when the United States approved SEC XRP ETF on February 13.

Ripple (XRP) decrease 6 % in 3 days as traders get profits on ETF HYPE

The price of Ripple (XRP) is subjected to a remarkable sale of a weekend, as investors have benefited from the last tonn surrounding XRP Spot Etf to lock profits. The week started with a high note, as XRP rose by 22 % between February 10 and February 14. Many of this bullish momentum may lead to renewed optimism that SEC’s approval of the United States of America can lead to Dogoin’s Dogecoin and XRP files. Institutional demand flow.

However, the gains were short -term. Hours after the official confirmation appeared, the XRP price is sharply, reflecting the classic “Sell-The News” scenario often in the encrypted currency markets.

The Ripple PRICE work scheme highlights the rapid transformation of market morale when the main ads fail to provide immediate follow -up. After reaching its peak of $ 2.80 on Friday, XRP threw about 7 % for trade at $ 2.60 by Monday morning. This rapid reflection indicates that despite the bullish stimulus of SEC’s recognition, many short -term traders considered that the step may extend and choose to get out of their sites.

A look at the graph reveals three consecutive losing sessions since the ETF approval. This withdrawal emphasizes the accurate balance between the upcoming optimism over potential organizational breakthroughs and the reality of profit by merchants in the short term. As often in encryption markets, one catalyst can raise both tyrants and sale in a quick sequence, leaving the long -term trend in question.

However, the XRP ability to stay above 2.60 to $ 2.65, provided the support area of ​​$ 2.65 a degree of optimism. While the market has seen a steady flow of speculative capital, the strong supply at these price levels indicates that buyers are still ready to defend XRP against more declines. Whether this support will be held if it is still seen, but at the present time, it was a buffer against a more severe correction.

The reflection of prices in recent days may also reflect a typical pattern in the trading of encrypted currency, where investors buy rumors (or noise) and sell news. Once the ETF file is approved for the public, they found many speculators who expected a significant increase in the profit increases. As a result, the market is now in a unification stage, as XRP is looking to create a new balance before the next main step.

Speculation demand is drowned in negative values, as the next upsurgers are waiting for the upcoming upcoming market

Although XRP has lost 7 % of its value since SEC acknowledged that Spot Spot ETF, the derivative market offers a deeper overview of advanced feelings. Data from CryptoquantTaker Takeer’s purchase/selling rate reveals that the landfill can continue unless a new catalyst is achieved. This ratio measures whether buyers or sellers have been implemented recently, providing a vision in an actual time in the market appetite for risks.

According to the graph below, the Taker’s XRP purchase/sale/sale/sale/selling ratio to a negative area at 0.93 on February 17, decreased by 8 % of reading 1.02 recorded on February 13. A negative purchase/sale rate indicates that sellers are more aggressive than buyers, and often indicates a decline in speculative demand.

In other words, instead of interfering in the purchase of DIP, traders appear to be placed for more negative or closing current situations in anticipation of the most important fluctuations in the future.

Such a decrease in speculation demand can be in relation to the market dependent on the flows driven by momentum. Historically, when Taker’s purchases/sale/sale rates drop to less than 1.0 for a long time, this indicates that the lower resistance path may be to the negative side. This is especially suitable now, given the approximation of XRP of $ 2.60 support. If this level fails, the psychological brand of $ 2.50 can be tested after that, which may lead to a wave of sale orders from merchants who seek to reduce losses.

However, the situation is not completely down. The rapid recovery in the percentage of purchases/sale in Taker – which is assembled with a renewed wave of purchase interest – can be attributed to the upward momentum, especially if the broader market morale in the market turns or is exposed positive or additional progress. Until then, it appears that XRP is in waiting and vision, with its fate in the near -term whether buyers can outperform the current wave of speculative sale.

XRP price expectations: Bulls are struggling to obtain major support at $ 2.59 amid a weak weakness

Ripple’s XRP is trading at $ 2.639, a decrease of 0.79 % a day, as price movement is battles to keep an EMA foot for 50 days at $ 2.5889. The coin remains trapped between EMA for 50 days and EMA for 200 days at $ 1.7337, and it is an unstable range as the decisive rest can determine the next direction.

A short -term bullish preparation with a profit of 21.95 % appeared in five days, but the sellers quickly wiped the momentum, which led to a decrease of 6.87 % in three days with a rise in the volume of sale. EMA for 100 days at $ 2.2536 is a decisive support level; The collapse below can see the XRP EMA test for 200 days at $ 1.7337. However, strong recovery above $ 2.6453, EMA for 20 days, can distort the upward feelings.

Size tapes reveal a decrease in bullish activity, which enhances concerns about a continuous gathering. If the bulls fail to restore $ 2.65, then XRP risk slipping about $ 2.25. However, the collapse above $ 2.65 can see a renewed power of about $ 3.00. Until a final step occurs, merchants remain cautious.

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