When XRP thought it was going to escape the mud, the price stagnates and the numbers don't lie: the selling pressure is coming again!
Man, the situation with XRP is tenser than a guitar string! When everyone thought the cryptocurrency was going to rise, the signals say the opposite. 🙅♂️ Experts are seeing that the price is stagnating and, worse, the pressures to drop again are all around.
Here’s the mess:
Brick wall at $3.00: The price of XRP tried to rise, but every time it approaches $3.00, it meets brutal resistance. It's as if there is an invisible wall that won't let it pass. Now, the price is dancing below $2.950 and things look grim. 🧱
Alarm signal on the chart: There is a "downward trend line" forming, and that's not a good sign. It's a red flag indicating that the price could continue to fall. Technical analysts, who read these charts, are seeing that the immediate future of XRP is uncertain. 🧐
The bulls are running out of strength: After a drop, there was a small attempt at recovery, but the "bulls" (those pushing the price up) got tired quickly. The "bears" (those pushing it down) are back and marking their territory, ready for a new round of declines. 🐻
What does this mean for your wallet?
Basically, if you have XRP or if you were thinking of investing, things don't look good in the short term. Technical indicators like the RSI and MACD are screaming that the momentum is bearish. 📢 If the price doesn't manage to break the resistance at $2.9650, we could see a drop to $2.90 or, in the worst case, down to $2.850. It's a moment of maximum alert for the XRP community.
The million-dollar question is: will this be the pause before a big lift-off or the prelude to a new free fall? Stay tuned, because the crypto market never stops surprising. 👀$XRP
