XRP Risks Drop to $1.28 as Analysts Flag Weak Market Structure
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XRP is currently trading below key technical support levels, with analysts predicting a potential drop to $1.28 from $1.39. A recent 2% surge in price and a 20% increase in volume did not indicate strong market recovery. Long-term optimism remains from Ripple's CEO despite short-term bearish pressure.
- Analysts warn XRP could drop toward the $1.28 level.
- The altcoin dropped below key technical support and the 7-day rolling VWAP.
- The $1.34-$1.28 zone is seen as a major support area, Ripple CEO remains bullish long-term.
XRP is trading in a very uncertain structure and analysts are calling for a major coming crash towards $1.28, a significant pullback from the $1.39 price tag at the time of writing.
The cryptocurrency has already broken support zones and failed to show strength above major resistance. Now, it is attempting a comeback after a 2% surge in the past 24 hours as volume is also up almost 20% as per CoinMarketCap data.
A Pullback Incoming?
According to crypto analyst Cilinix Crypto, XRP lost its recent trading range and broke below its short-term balance during the Asian trading session, which has shown consistent bearish pressure this week, clai…
Read The Full Article XRP Risks Drop to $1.28 as Analysts Flag Weak Market Structure On Coin Edition.
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XRP Risks Drop to $1.28 as Analysts Flag Weak Market Structure
Share:
XRP is currently trading below key technical support levels, with analysts predicting a potential drop to $1.28 from $1.39. A recent 2% surge in price and a 20% increase in volume did not indicate strong market recovery. Long-term optimism remains from Ripple's CEO despite short-term bearish pressure.
- Analysts warn XRP could drop toward the $1.28 level.
- The altcoin dropped below key technical support and the 7-day rolling VWAP.
- The $1.34-$1.28 zone is seen as a major support area, Ripple CEO remains bullish long-term.
XRP is trading in a very uncertain structure and analysts are calling for a major coming crash towards $1.28, a significant pullback from the $1.39 price tag at the time of writing.
The cryptocurrency has already broken support zones and failed to show strength above major resistance. Now, it is attempting a comeback after a 2% surge in the past 24 hours as volume is also up almost 20% as per CoinMarketCap data.
A Pullback Incoming?
According to crypto analyst Cilinix Crypto, XRP lost its recent trading range and broke below its short-term balance during the Asian trading session, which has shown consistent bearish pressure this week, clai…
Read The Full Article XRP Risks Drop to $1.28 as Analysts Flag Weak Market Structure On Coin Edition.
Read More
XRP (XRP) Price Prediction: Can Bulls Flip $1.72 to Shift Trend?