Despite the recent decline in the overall cryptocurrency market, the XRP has been able to maintain one of the main technical and psychological levels: $ 2. As the 200-day exponential moving average floating is currently slightly above that level, the long-term trends of the property acts as a structural support zone, providing a buffer that could at least temporarily stop further temporarily refusalTo.
According to the chart, the price of the XRP fell by almost 7%on the daily candle, putting it in danger to reach $ 2.00. But the property bounced directly from 200 mothers, which now cost $ 1.99 and avoided a complete distribution. Historically, this area has been crucial for the XRP, often shifting between the trend cycle between resistance and support.
The main lesson is that although the XRP is not yet in bullish territory, this mother line offers a very necessary breathing space. This is both a psychological milestone for traders who look closely and technical strengthening. The restoration of the bullish pulse is possible if the XRP can consolidate above this line – but it is big if.
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The lack of adjacent support levels over 200 mothers make this setting more complex. After passing in the last few days, 50 and 100 mothers are currently in the technical part of the XRP. Of 200 mothers, recurring volume and lack of significant purchase pressure are likely to be significant. This can be the turning point of the current cycle of the XRP.
If the $ 2.00 does not apply, the XRP could enter a more extensive correction phase, the next important support will only show near $ 1.80. Digital assets are currently buying for a while, but its lines of life are low.
