XRP shows significant twice as much, as the price decreased to $ 1.82 at the time of writing this report – more than 4 % in the past 24 hours. This represents a sharp decrease in its last highest level near $ 3 earlier in the year and comes amid the escalation of the macroeconomic and regulatory economy.
On the daily chart, breaking XRP decisively less than a simple moving average for 200 days, and now settles near $ 1.85, a level that turns to the resistance. Emas for 20 days and 9 days as well, indicating a strong declining momentum. RSI hovering around 32.37, over the sales lands, while MACD remains declining with both signal lines and Macd heading down.
Stochastic oscillator, who sits near 22.25, confirms a weak boy and a possibility for more negative aspect. The ongoing step can lead to less than $ 1.75 to $ 1.80 to re -test the level of $ 1.50. Below, the XRP support in the long term sits at a range of $ 1.25-1.30.
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Source: TradingView.
Signs on the chain and whale behavior
Despite the declining technical preparation, the whale has accumulated, indicating that the largest players may see this decrease as a strategic accumulation area. According to the recent Santiment data, the portfolio of 100 thousand and 100 meters XRP has increased from its sites. In addition, the Ripple network activity is still strong, with active addresses, with 80,000 in recent weeks.
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The total XRP holders continue to increase. source: Santim.
The launch of XRP ETF and the acquisition of hidden roads are the basic motives
Reble was not priced at $ 1.25 billion for Hidden Road, which is valued at $ 1.25 billion. This step can lead institutional capital towards Professor XRP book and establish a stronger player in the liquidity across the border. The launch of the ETF XRP ETF 2X by Teucrium adds more exposure, although it raised mixed reactions due to the structure of the derivative and the lack of the approval investment funds.
Meanwhile, the Ripple strategy after SEC continues to focus on building the real world’s use situations with continuous partnerships, distinctive symbol efforts, and stablecoin infrastructure developments (including Rusd). These may serve as long -term rising stimuli if the broader market recovers.
As, the original must be more than $ 1.75 to avoid speeding up the downward trend. Successful defense can lead to a bounce towards $ 2.00 to $ 2.25. However, in the event of continued momentum, the negative side targets include $ 1.55 and $ 1.30, with a signal signal to $ 0.65 in a high -quality breakdown scenario.
In general, XRP at a technical and psychological turning point. Short -term prices are still at risk, but long -term expectations can shine if Ripple is effectively implemented on the strategy of institutional growth and traction acquires traction.
