The crypto market is once again under selling pressure after the recent US-China trade war tensions. Major cryptocurrencies are struggling to stay stable, and XRP is one of them. At the time of writing, XRP is trading around $2.32, facing a tough battle between buyers and sellers. The market mood looks bearish, and traders are keeping a close eye on this critical level.
XRP Technical Overview
On the 4-hour chart, XRP is trading below the EMA50, which shows that short-term momentum has turned negative. The $2.30 level is acting as a strong support zone, and price action around this area will decide XRP’s next big move.
If XRP manages to hold above $2.30, we could see a short-term recovery toward $2.45–$2.50. However, if this support fails to hold, the next potential target could be near $1.95, which represents a 14.92% decline from the current level. This lower zone might attract fresh buyers looking for a better entry point.
RSI
The Relative Strength Index (RSI) on the 4-hour chart looks weak. It shows that buyers are losing control and selling pressure is increasing. This suggests that momentum is currently favoring the bears.
MACD
Meanwhile, the MACD indicator has recently given a negative crossover, confirming a bearish signal. This means that we may see more selling pressure in the coming sessions. Until the MACD shows signs of reversal, traders should remain cautious with long positions.
Market Sentiment and Outlook
The overall crypto market sentiment is still fragile after the global market uncertainty caused by the US-China trade war. Investors are preferring to stay on the sidelines, waiting for clarity before re-entering the market. Bitcoin’s weakness is also weighing heavily on altcoins like XRP.
Key Levels to Watch
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Support: $2.30 (critical level), then $1.95
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Resistance: $2.45 and $2.50
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EMA50: Acting as dynamic resistance on the 4-hour chart
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RSI: Below 50, showing bearish momentum
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MACD: Bearish crossover confirming downside potential
Conclusion
Right now, $2.30 is the key level to watch for XRP. If the price holds above this level, a bounce toward $2.50 is possible in the short term. But if the support breaks, XRP could fall deeper toward $1.95, where buyers may step in again.
Traders should stay cautious, manage their risk carefully, and wait for confirmation before taking any new positions. The next few sessions will be crucial in deciding whether XRP can recover or continue its downward move.
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