The critical 50-day mother support level, which was the technical turning point and lifeline in the recent consolidation stage of the XRP, was lost and cryptocurrency is now under pressure. Its property It is now more vulnerable to the negative risk due to the moving medium degradation and is currently having difficulty realizing the short -term momentum. As of now, the XRP trades about $ 2.17.
It has fallen below 50 mothers (about $ 2.18) and the descending trend, which has stifled at the price since the beginning of the first quarter. Recent bullish attempts from a long -term downward trend are undermined by this remarkable rejection. There are three price points that require further care.
$ 2.00: This level corresponds to a psychological rounded number and a 200-day mother. It was a price recovery startup pad in early April and return to this area would put the XRP overall elevation on the test. A significant example of bears would be a failure here.
$ 1,95: This is a critical level that correlates with a previous breakthrough zone and the lowest border of the channel in which the XRP has traded. The bullish structure collapses completely when the price falls down, which can start with a chain reaction that would lead to lower support.
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$ 2.22: It is an immediate resistance to a descending trend and 50 mothers at the intersection.
The re -test of the 2,40 -Dollaris zone is possible if there was a clear pause and close over its level, making the current fur pulse invalid. At RSI 49, it denotes neutral to inclination and the volume is still moderate but impressive.
It seems that the XRP is ready to continue the gradual decline towards a stronger support, lacking dramatic reversal or a sharp increase in buying pressure. The path of less resistance points to below when buyers intervene quickly and the market monitors three levels.
