XRP Price Prediction: Bears Tighten Grip as XRP Risks Deeper Pullback Below $1.39
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XRP is under growing short-term bearish pressure, trading below major EMAs near $1.38 after rejection at the $1.50/$1.505 (0.786 Fib) resistance and risking a deeper pullback below $1.39. Declining open interest and persistent but moderating exchange outflows point to reduced speculative activity and easing selling pressure, indicating negative near-term token performance and calmer crypto market conditions for CEX/DEX liquidity.
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- XRP faces growing short-term bearish pressure, trading below all major EMAs near $1.38.
- Declining open interest signals reduced speculative activity and calmer market conditions.
- Exchange outflows persist but moderate, suggesting selling pressure may slowly ease.
XRP continued to trade under pressure this week after losing momentum near the crucial $1.50 resistance area. The asset has slipped toward the $1.38 region, reflecting growing caution across the broader crypto market. Although long-term sentiment has not completely turned bearish, short-term indicators now favor sellers after several failed recovery attempts.
Bearish Momentum Intensifies Below Major EMAs
The recent rejection near the 0.786 Fibonacci retracement level around $1.505 weakened bullish confidence significantly. Consequently, XRP now trades beneath its 20, 50, and 100 exponential moving aver…
Read The Full Article XRP Price Prediction: Bears Tighten Grip as XRP Risks Deeper Pullback Below $1.39 On Coin Edition.
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