Amid the constant uncertainty in the market, the price of XRP failed to maintain its recent outbreak over the descending trend line and the decisive horizontal level of $ 2.40. The price has decreased lower than this main level may again transform market morale, and it appears to be a declining work pattern.
XRP Technical Analysis and key levels
According to the technical analysis of Coinpedia, XRP remains in an upward direction as it continues to trade over the SIA moving average (EMA) on the daily time frame. However, the decrease from the main 2.40 dollar level has paved the way for a possible decrease to $ 2 in the coming days.
Currently, $ 2 is decisive in making or breaking it that can determine whether the price recovers its losses or tests an additional decrease.
XRP prediction price
As of now, XRP seems to be a declining pattern of the head and shoulder. The level of $ 2 works as a neckline, which can serve as a level of making or breaking.
A potential neckline at $ 2 is a major level as it seems that 200 EMA also provides support for the XRP price. However, if the market morale remains unchanged and the price decreases below this level, a sharp sale may occur, which leads to a decrease in XRP by 37 % to $ 1.20 in the future.
However, this predictive prediction is valid only if the price of XRP decreases to less than two dollars; Otherwise, the original has high potential to restore all its losses. Low prices and negative feeling of continuous tariff wars will decrease.
Current price momentum
At the time of the press, XRP is trading near $ 2.32, after decreasing by 2.50 % over the past 24 hours. However, during the same period, the trading volume increased by 10 %, indicating an increase in participation from merchants and investors compared to previous days.
Main liquidation levels
The price decreased lower Coinglass.
The data reveals that traders are excessively in the record at $ 2.29 on the bottom side and $ 2.416 on the upper side, after they built $ 20.85 million in long positions and $ 51 million in short positions over the past 24 hours.
The accumulation of short situations signals with the use of the Haboodi feelings. If this defect continues, XRP may face increased sale pressure.
