Again, XRP offers signs of declining momentum because it is dangerously swinging from the price sign of $ 2.00. The origin is still fighting under the averages of important movement and resisting the direction line, which indicates that the bears are still in control despite the efforts made to keep its land and confirm it from its decline. direction.
The graph, located in a convergence channel, clearly shows the continuous direction of XRP. 26 EMA, which remains a rebellious dynamic resistance level, was the point where the last steam rally lost after multiple attempts to break above this structure.
Since 50 EMA is also visible above, the XRP is under the pressure of the layers, which makes the short -term upward movement that is increasingly likely. The lack of a strong volume is another factor that contributes to homogenous interests. Although the price is currently trading approximately $ 2.10, this level is weak due to the lack of a great purchase. XRP may quickly decrease towards the following important support zone, which is close to $ 1.95, and may return to the lower border of the concession channel if the bulls cannot keep my psychological support at a value of $ 2.00.
Related
RSI in a neutral area at 47.74, with no bullish or momentum to indicate an imminent reflection. The price procedure indicates a pressure on monotheism, which usually occurs before collapse, in weak market conditions. The scenario is still the most vulnerable, unless there was a big incentive or a change in the total state of the market that prefers XRP.
The deepest correction will be confirmed whether the market is unable to recover and keep the 2.13 to $ 2.22. XRP has reached a critical turn. The original is subject to another leg down because the main resistance levels have not been broken, and the market participation decreases. The next few days will be very important for XRP traders and carriers because a sharp decrease in the case of support is 2 dollars.
