XRP is currently facing strong selling pressure and is testing the $1.38 support zone. The recent price action shows increasing bearish momentum as sellers continue to dominate the market.
If XRP breaks below the $1.38 support level, the next critical support lies at $1.35. A confirmed breakdown under $1.35 could accelerate the decline and push the price toward the $1.20 demand zone.
On the 4-hour timeframe, the MACD indicator has confirmed a bearish crossover, signaling strengthening downside momentum. This technical signal suggests that XRP price may remain under pressure in the short term.
From a technical analysis perspective, the current XRP chart structure reflects weakness below key resistance levels, increasing the probability of further downside movement. Traders are closely watching support and resistance levels, volume trends, and momentum indicators to assess the next move.
If selling pressure continues to build, XRP could experience an extended correction toward lower demand zones. However, a strong bounce from the $1.38–$1.35 support area may provide temporary relief for bulls.
Not Financial advice
___________________________________________________________________________________
Get Daily Crypto Updates & Trade Signals!
Join our free
Telegram channels for:
✅ Market updates
✅ Spot & Futures signals
Join now: 👇
Telegram:
Comments
Post a Comment