XRP Fell 10%: What Does the Technical Outlook Say?
XRP has lost about 10% of its value this week, unsettling investors. Following a brief decline to $1.90 due to geopolitical developments, the altcoin later recovered and rose above the $2 level again. However, does this volatile trend indicate a reversal in price structure, or is it just a temporary pause?
Analyst Opinion: The Structure Does Not Break As Long As Support Levels Are Maintained
Market experts emphasize that as long as XRP maintains its support zone in the $1.75–$1.80 range, the structure is not technically broken. As long as there is no permanent closure below this level, the prevailing view is that it is too early to evaluate current movements as a downtrend.
Peter Brandt: “No Clear Reversal Yet”
Experienced analyst Peter Brandt pointed out that a Head and Shoulders formation may be developing in the XRP chart. If confirmed, this formation could be considered a bearish reversal signal. However, Brandt noted that this formation is at an early stage and that the bearish scenario will not be confirmed unless the $1.80 support is maintained.
EGRAG CRYPTO: Signs of Technical Recovery
Another technical analyst, EGRAG CRYPTO, believes that XRP can still maintain its long-term bullish scenario. According to the analysis:
Gaussian Channel: Staying above $1.75, the lower limit of this channel, is critical for the continuation of bullish potential.
21 Weekly EMA (Exponential Moving Average): A close above the $2.33 level could confirm strong upward momentum.
$2.65 resistance: Breaking above this level could clarify a long-term bullish trend for XRP.
EGRAG also suggests that based on Elliott Wave Theory, XRP is in its fifth wave movement and if support levels are maintained, the price could reach the $9–10 range.
Short-Term Indicators: Cautious Trend Continues
During the period when the price fell to $1.90, the Accumulation/Distribution (A/D) indicator significantly declined, indicating intense selling pressure in the market. The high trading volume that occurred during this decline confirmed that sellers were dominant.
Although the price has recovered afterwards, the slight improvement in the A/D line indicates that previous losses have not yet been compensated. Similarly, the Chaikin Money Flow (CMF) indicator also remained in the negative zone. The weak recovery in CMF shows that the capital entering the market is limited and that investors are still acting cautiously.
Price Range Under Pressure: Critical Levels Under Close Watch
Technical indicators reveal that XRP is currently experiencing price stagnation, but uncertainty in direction continues. In particular:
The $1.75–$1.80 range remains important as the main support zone. A weekly close below this area could confirm a downtrend.
Resistance levels at $2.33 and $2.65 should be monitored for the continuation of bullish momentum.
Conclusion: No Clear Reversal Yet, But Hope Continues
Despite the volatile movement, XRP has not yet fully confirmed the downtrend from a technical perspective. Investors should monitor whether support levels are maintained and whether upward breakouts occur. During this process, both price movements and fundamental indicators should be closely monitored.
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