The XRP sample went to a level of resistance worth $ 2.7, met with forceful sales pressure, which forces the price in the postponement. The lack of maintaining a stubborn rush changed market moods, and the bears took control and pushed Altcoin lower. As a result, traders are now looking at key support levels to assess the next move.
With technical indicators indicating growing weakness, the further risk of losses remain high. If the bear’s pressure is continued, XRP can see an extended decrease by testing lower support zones. However, rapid recovery above critical levels can again bore stubborn hopes and prevent deeper correction.
Bears take control: XRP Go to lower support levels
UPIDES RUN XRP lost her momentum after a forceful rejection at the level of critical resistance worth 2.7 USD, changing market control back into the hands of bear. The inability to keep up updo the increased sales pressure, forcing the price to inheritance trajectory. By strengthening the bears, XRP is approaching key support zones that can determine the next phase of the price.
Technical indicators provide additional confirmation of XRP bears, especially the fact that the price is commercial below the 100-day straight movable average (SMA). The 100-day SMA is often seen as a key long-term trend indicator, and when the price is consistently below this level, it suggests that the overall trend weakens or moves to the bear phase.
In combination with this RSI, who tried to recover, began to fall again after he did not reach 50% of the threshold. This suggests that sellers gain an advantage. If the downward trend persists, XRP may face the test of lower support zones, which makes another several key sessions to specifying its direction.
Key support levels to watch if it sets on sales pressure
Like the sales pressure, monitoring key support levels that could determine the next XRP movement, has become crucial. The first significant level to view is the 1.9 USD support zone, which previously provided the pillow for the price during withdrawal.
The break below this level would signal the acceleration of a negative trend, which leads to a 1.7 USD mark test, another critical support area. If the price drops below USD 1.7, XRP may be in a deeper correction, potentially heading towards the region of support 1.3 USD.
However, the augment in Bulls’s strength from any of these key support levels would cause the beginning of the possible reversal of Altcoin. Reflection from support zones 2.2 or 2.0 USD may indicate that buyers are entering to defend these critical levels, providing sufficient strength to push the price to the key resistance zones.
