It is under pressure again, having dropped to $2.066 on the daily chart. After failing to maintain momentum above $2.50, the asset is now approaching critical support areas. Traders are now asking: Will the price of #XRP remain stable or decline in the coming days? In this article, we analyze the latest chart signals, examine technical indicators, and provide price forecasts using real calculations. In our previous analysis, we already predicted that XRP would lose its bullish strength.
XRP Price Prediction: Is it losing $XRP its bullish strength?
XRP/USD Daily Chart
Heikin Ashi candles clearly show a continuous downtrend. The red candles with little or no upper wicks indicate strong downward pressure with slight relief from buyers. The price of XRP has failed to close above $2.10 for several sessions now, which is a bearish signal considering the previous support has turned into resistance.
The Relative Strength Index (RSI) is currently at 35.49, which is well below the neutral 50 zone. This indicates weak momentum, and unless a rebound occurs soon, the price of $XRP could slip into oversold territory (below 30), increasing the risk of panic selling.
XRP is currently trading above $2, recording gains of over 300% from its base price before the sharp rise in November 2024. Early investors who accumulated during the lower ranges are reaping significant profits #BinanceAlphaAlert#MarketRebound#BinanceTGEXNY$XRP
