XRP price drops ~6% to ~$2.04, testing critical $2 psychological support level
Price trades below key EMAs; RSI nears oversold but MACD remains bearish
Holding $2 support crucial on Apr 1 to avoid potential drop towards $1.95 next
XRP faced significant downward pressure as March closed. The cryptocurrency experienced a notable decline in the preceding day. Its price fell to around $2.04, marking a 6.4% drop over the past 24 hours according to CoinMarketCap data.
Despite minor bullish corrections during that period, the overall near-term trend remains bearish. Trading volume also decreased 4.2% recently, reinforcing signs of weakening momentum for the asset.
This combination suggests buyer interest is currently low, with the market struggling to maintain higher price levels. As April begins (specifically looking towards April 1st), traders will closely watch key support and resistance levels to gauge XRP’s next likely price direction.
XRP Faces Resistance as Selling Pressure Intensifies
XRP encountered strong selling resistance near the $2.17-$2.18 area recently. This zone marked the day’s high before the price declined again, acting as a critica…
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