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XRP is trading at $ 2.2751 with a maximum market of 131.86 billion dollars, a decrease of 2.49 % in the past 24 hours, which indicates continuous twice after reaching the lowest level in 24 hours at 2.2476 dollars. Despite the recent downward feelings, real goals extend in the near term between $ 3 and $ 5.85.
Xrp It was very volatile this month, trading between $ 2.30 and $ 2.47, a 1.6 % decrease from the previous month price.
XRP price analysis
The XRP price procedure shows a great trend in playing, which reflects the increasing declining effect in the daily chart. The fall continues to create high peaks, which leads to the formation of a line of resistance.
The fall currently tests the level of immediate support at the $ 2.24 sign. Moreover, the 1.80 % withdrawal in the current candle is 4 hours hints to a possible failure of the morning star style.
The price is currently trading without each of 50 EMA and 200 EMA, indicating a medium -term bias. The last rejection in 200 EMA confirms about $ 2.45 this level as a strong resistance that the bulls must overcome to reflect the current declining direction.
Moreover, RSI is currently at 41.18, less than a mid -50 point, indicating the short -term momentum. The relative strengths indicators of the decline were from its last peak and approached the sale area.
XRP price goals
The price of XRP is currently close to the support level of $ 2.2459. In the event that the XRP price is shown after the re -test, the restoration operation aims to $ 2.4565.
If the price decreases to less than the support level, it is possible that it will pay to the lowest level in the previous week of $ 1.99.
Also read: Franklin Templeton submits an XRP ETF request
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