XRP Price Update: Is a Bigger Drop Coming?
XRP is now trading at $2.24, just like we predicted yesterday.
XRP Chart (Source Coingecko)
On the 4-hour chart, the price has moved below the EMA50, which is a sign that the trend is getting weaker.
What the indicators are showing:
- RSI (Relative Strength Index) is at 32, which means XRP is close to the oversold zone. This could lead to a small bounce in the price.
- MACD (Moving Average Convergence Divergence) is still showing negative signals, which suggests that the price might go down even more.
What to expect next:
XRP may bounce a little to cool down the RSI, but the overall trend still looks bearish.
Our next target is $2.18.
Tip: Watch the RSI closely. If it drops below 30, it enters the oversold zone, which can lead to a short-term recovery — but the downtrend might continue after that.
Stay safe and manage your trades wisely.
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