Long

XRP Price Action: Bears Take Charge, but Bulls Aren't Done Yet!

reflects mixed signals, with a slight bearish bias. Price levels hover near the critical support at 2.5102, with deeper supports at 2.4352 and 2.2492. Resistance levels at 2.6243, 2.7531, and 2.7724 could prove challenging to breach unless bullish momentum strengthens.

The 9 EMA below the 20 EMA suggests a short-term downtrend. The MACD histogram, while narrowing its negative divergence, still reflects selling pressure, albeit weakening. RSI levels are neutral, offering no decisive direction. Traders could explore short positions near resistance levels, with potential exits at key support points, while long trades may wait for the price to reclaim the 20 EMA, signaling a shift in momentum.

StevenWalgenbach

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.