XRP Price Analysis: Possible 4% Drop if Support Breaks
XRP is trading at $2.19 after a recent fall from $2.30. The price has found strong support at $2.17, which is an important level to watch.
XRP Chary (Source Coingecko)
On the 4-hour chart, XRP is struggling to move below the EMA50 line, which is acting as extra support.
- RSI is neutral, meaning there’s no strong buying or selling signal.
- MACD is negative, showing bearish pressure in the market.
If XRP breaks below $2.17, it could move down to $2.10, which is about a 4% drop from the current price.
Key Takeaway
Traders should carefully watch the $2.17 support level. A break below this could mean more downside ahead, while holding above it might lead to a bounce.
Join my Telegram channel for daily Crypto & Commodity trading signals - 100% free!
👉 Link: https://t.me/bwtinternational
Comments
Post a Comment