XRP faced notable pressure ahead of April, dropping 6.4% to $2.04. This continues a bearish trend, despite minor bullish corrections.
Current XRP Dynamics
As March ended, XRP's price dropped significantly. Over the past 24 hours, it fell to around $2.04, marking a 6.4% decline according to CoinMarketCap data. This indicates continued market pressure and weak buyer interest.
XRP Technical Analysis
Technically, XRP is trading below key exponential moving averages. The Relative Strength Index (RSI) is nearing the oversold zone, but the MACD indicator remains bearish. Trading volume also decreased by 4.2%, reinforcing signs of weakening momentum.
Key Support for April
April 1st will be crucial for XRP as holding the $2 support is vital to avoid a drop towards $1.95. Traders are closely watching key support and resistance levels to gauge the next likely price direction.
XRP is under bearish sentiment pressure, making the $2 support level crucial at the start of April. Traders will monitor the market for future price dynamics.
