XRP is struggling to regain its previous bullish momentum. Analyzing potential cryptocurrency movements using various indicators.
Current XRP Dynamics
On the daily chart, XRP shows a transition from fading bullish momentum to a bearish trend. Heikin Ashi indicates weak selling pressure, suggesting market cooling rather than collapsing. In recent weeks, XRP has traded below the 20-day and 50-day moving averages, indicating a short-term bearish nature.
Indicators and Signals
The resistance layer indicates the need for significant bullish volume to break above $2.40. The Accumulation/Distribution Line shows indecision among investors. However, to regain control, bulls need to increase the ADL.
Forecast and Key Levels
Support at the $2.11–$2.13 range remains fragile. A break could lead to testing the 200-day moving average around $1.80. To restore a bullish trend, $2.40 needs to be maintained. If seller pressure increases, the rate may drop to $1.60–$1.50, forming a deeper consolidation zone for the next quarter.
XRP is at a critical level. Indicators point to a slowing bearish trend. A couple of movements indicate the possibility of a major shift, but caution is necessary, especially when observing the 200-day moving average line.
