XRP continues to decrease, as it decreased by 10 % during the past week while strengthening the declining momentum.
The fourth largest encrypted currency is still according to the market value, with the purchase interests that hint on the possibility of more losses.
The XRP future looks increases with the purchase pressure
Since reaching the highest level at 3.40 dollars on January 16, XRP has mostly part of a concessional parallel channel. This is a declining pattern that is formed when the price price moves between the parallel parallel trend lines down, indicating a declining direction.
When the price of the original is traded within this channel, it represents a period of decline during which the sellers are dominated, and the purchase activity is low. This put a great declining pressure on the XRP price last month.
XRP currently trades at $ 2.11, and the exchange of hands without the 20 -day SIA moving average (EMA). This main moving average is the average price of the original during the twenty days of trading, which gives more weight to the last prices to reflect short -term trends.
When the price of the original is less than EMA for 20 days, it indicates that the sale pressure is strong and that the original is in a declining stage. These signals continued on the negative side of XRP unless the purchase interests are increased to pay the distinctive code price over EMA.
Moreover, the XRP (CMF) flow in a declining direction and prepares to violate the zero line. This indicator, which measures the flow of funds inside and outside the assets, is at 0.02 to this writing.
When the CMF tries to the original decrease below zero, it reflects the poor purchase pressure and the increase in the dominance of the sale. This indicates that the money flows from XRP instead, which enhances the hybrid view.
XRP faces downward pressure: Can it be suspended to $ 1.47?
XRP risks a decrease to less than $ 2 if the new demand remains minimal. In this scenario, it can decrease to $ 1.47, the last time it was reached in November.
On the other hand, if the sale of pressure pressures and XRP sees an increase in the purchase activity, this may lead to the price of a level of $ 2.81 about $ 3.40 at all.
Disintegration
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