#CEXvsDEX101
#OrderTypes101
Technical Forecast: What's Next with XRP Losses Increasing
XRP is trading below key moving averages such as the 200-hour Exponential Moving Average (EMA) currently at $2.27, the 100-period moving average at $2.25, and the 50-period moving average at $2.22. This, along with the sell signal from the Moving Average Convergence Divergence (MACD) indicator, highlights the upward pressure.
The blue MACD line recently crossed below the red signal line, confirming the sell signal and encouraging traders to reduce their exposure to XRP. Furthermore, the increase in red histogram bars below the mean line (0.00) raises the downside risks.
