XRP, in the past seven days, has been on a fixed descending slope, lost 8.22 % in the value of the price. XRP slipped from $ 2.34 to test the support of $ 2.10 in a clear continuation of the death cross that slipped to days before. The simple moving average has crossed for nine days (SMA) less than SMA for 21 days in the long run.
XRP Death Cross indicates a problem, but the size indicates attention
The death cross is generally a hole and can lead to the collapse of the XRP price. However, it is not a guaranteed sign that the currency will remain in a declining path, as market morale can lead to a reflection.
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Interestingly, despite the technical index with XRP, market participants remain active because trading volume has recorded a significant increase. There was an increase of 11.72 % in size, jumping to $ 2.01 billion.
Meanwhile, until the time of the press, the price of XRP was Change Hands at $ 2.15, represent a simple recovery of 0.79 % in the past 24 hours.
Technical indicators indicate that if XRP can climb to the decisive support of $ 2.20, the currency may rise from $ 2.45 soon. The current preparation shows an increase in trading volume, which may indicate an increase in the buyer’s interest and support for reflection.
The current 9 -day and SMA SMA indicates for 21 days to a short -term drop that can be reflected quickly if the trading volume and other standards remain stable. However, if XRP fails to seize $ 2.10, this may lead to an additional decrease.
The psychological level remains 3 dollars in focus
Meanwhile, David Schwartz, CTO Ripple caused an excitement in the XRP community with a hidden publication on X.
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The message has sparked up of bullish morale between merchants and investors, as some speculate that this may be a prediction in the future.
How the XRP price can interact in the coming days. It is worth noting that the price level of $ 3 is still a psychological level that the currency can move up.
