$XRP

Is the price of this coin stuck at resistance? Are the big players showing their strength?

Once again, it failed to break the resistance level of $2.50, after which a price decrease was observed. Although the price is attempting a recovery, some key levels may pose a challenge.


Recent performance and key points of XRP


📉 Latest decline:

, did not stabilize above $2.50 XRP

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As a result, the price fell below $2.42 and $2.40, this decline coincides with the drop in Bitcoin and Ethereum prices.


📉 Break below the trend line:

The price of this coin fell below an important bullish trend line at $2.44 and reached $2.329, from where it started a minor recovery.


📈 Recovery attempt:

But still, this coin is below the levels of 2.38 to 2.40.

and failed to cross the simple moving average of one hundred hours.


Key resistance and support levels

Resistance limits:

  • $2.40: Initial resistance

  • $2.42: First major obstacle

  • $2.45: If the price crosses this limit, bulls may gain strength

    Support level:

  • $2.35: If this level is broken, further decline is possible

  • $2.32: A key support level that will determine the next possible move


Currently, XRP seems to be under bearish pressure. If the bulls fail to cross these important resistance levels, the price may go further down.


What do you think, will these big players succeed in their goal once again or not?


🔗 #XRP #کرپٹو_مارکیٹ #BitcoinDunyamiz #cryptouniverseofficial #pakistanicrypto