XRP Technical Breakdown: Is More Downside Coming?

-

XRP has just slipped below the key $2.42 support level and is now trading around $2.39. 

XRP Chart (Source Coingecko)

After a recent breakout to $2.65, the price is now retracing, confirming the correction phase I mentioned earlier.

From a technical perspective:

  • EMA50 is still above EMA200, but today’s candle has closed below the EMA200, hinting at the formation of a death cross — a classic bearish signal.

  • RSI is neutral, suggesting the market isn’t oversold yet and still has room to move either way.

If XRP fails to hold the $2.35 level, further downside pressure could follow. While the longer-term trend remains intact for now, short-term caution is advised.

Key Levels to Watch:

  • Support: $2.35

  • Resistance: $2.42 and $2.65

 Stay updated and manage your risk. The market is shifting fast.


Join my Telegram channel for daily trading signals - 100% free!

👉 Link:  https://t.me/bwtinternational


Comments

Post a Comment

Popular posts from this blog

Ethereum Heading Towards $4,000:

-
Big Potential Ahead! Ethereum is close to hitting $4,000, following a strong rising trend. Experts believe that if ETH breaks its past high of $4,500, it could reach $5,000–$5,500 in the next bull run. Some even predict ETH could hit $6,000–$7,000 if it continues to rise. Hold tight—big gains could be coming!
Read more

🚀 XRP Price Update – Is a Breakout Coming?

-
XRP is trading at $2.81, up 1.89% in the last 24 hours.  With strong resistance at $3.00,  a breakout could push XRP toward $3.20 or its ATH $3.38+! Key levels to watch: 🔹 Resistance : $3.00 - $3.20 (Break = 🚀) 🔹 Support : $2.50 - $2.20 (Pullback zone) 🔹 Sentiment : Bullish, but Fear & Greed Index at 50 (Neutral) A breakout above resistance will confirm further upside momentum.
Read more

Why Is Bitcoin Going Up? BTC Hits $97K After Buy Signal

-
Bitcoin (BTC) is going up, reaching $97,000 on January 14, 2025. It dropped below $90,000 on Monday, which worried some people. The price is rising because of a strong buy signal at $92,000. Experts think Bitcoin could reach $103,000 or even its highest price of $108,000 soon. Could Bitcoin reach $1 million? Some say it’s possible, but others think it will stay lower in 2025. 
Read more