Is XRP Crashing? The Sustained Break Below $2 Signals Trouble
However, XRP’s price chart paints a bearish picture, but a softer-than-expected U.S. inflation could spark a rebound.
Meanwhile, XRP bears have finally established a solid foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
XRP’s Support Breakdown
Moreover, XRP’s support breakdown is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Consequently, the above description fits perfectly with payments-focused cryptocurrency XRP, whose prices have finally established a foothold below the long-held $2.00 support.
Bearish Signals Pile Up
However, bearish signals pile up, including the widely tracked 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Therefore, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
What’s Next for XRP?
Meanwhile, XRP has been in a steady downtrend since July, with each price bounce weaker than the one before.
Therefore, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Solana on the Edge
However, Solana’s native token SOL has been stuck in a tight sideways channel for a month, bouncing between an upper boundary of $147 and a lower one at $121.
Therefore, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Meanwhile, a breakout would signal a shift from bearish to bullish outlook.
Conclusion
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
Technical Analysis
Moreover, this is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Consequently, the above description fits perfectly with payments-focused cryptocurrency XRP, whose prices have finally established a foothold below the long-held $2.00 support.
However, bearish signals pile up, including the widely tracked 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Therefore, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Meanwhile, XRP has been in a steady downtrend since July, with each price bounce weaker than the one before.
Therefore, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
However, Solana’s native token SOL has been stuck in a tight sideways channel for a month, bouncing between an upper boundary of $147 and a lower one at $121.
Therefore, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Meanwhile, a breakout would signal a shift from bearish to bullish outlook.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
Conclusion
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
Technical Analysis
Moreover, this is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Consequently, the above description fits perfectly with payments-focused cryptocurrency XRP, whose prices have finally established a foothold below the long-held $2.00 support.
However, bearish signals pile up, including the widely tracked 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Therefore, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Meanwhile, XRP has been in a steady downtrend since July, with each price bounce weaker than the one before.
Therefore, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
However, Solana’s native token SOL has been stuck in a tight sideways channel for a month, bouncing between an upper boundary of $147 and a lower one at $121.
Therefore, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Meanwhile, a breakout would signal a shift from bearish to bullish outlook.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
Conclusion
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
Conclusion
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern to regain a positive outlook, which means prices must rise above the $2.27 high from the last weak bounce in late November.
Meanwhile, a bearish resolution to this ongoing range play would signal continuation of the broader downtrend, exposing April’s $95 low.
Therefore, a breakout would signal a shift from bearish to bullish outlook.
However, while the technical picture looks bearish for XRP, investors might want to keep an eye on Thursday’s U.S. inflation data.
Therefore, softer-than-expected numbers could spark “risk-on” mood across markets, boosting XRP and crypto higher.
Meanwhile, a bullish revival could be on the cards if prices rise above the $2.27 high from the last weak bounce in late November.
Consequently, XRP’s price has established a foothold below the $2 support, which may draw more sellers to the market, potentially yielding a deeper slide.
Therefore, other key indicators favor the bearish outlook, including the 50-, 100-, and 200-day simple moving averages (SMAs) trending lower.
Moreover, the MACD histogram, an indicator used to gauge momentum and trend changes, keeps printing deeper bars below the zero line, signaling strengthening downside pressure.
Consequently, the bulls need to break this pattern
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