The XRP price continues to be under pressure, settling in support. Let's examine the current dynamics and possible scenarios.
Current XRP Market Situation
At the time of writing, XRP is trading around $2.03, showing a narrow range between $2.00 and $2.06. The current trend shows no significant signs of recovery, and the price may again test the $2.00 support level.
Analysis of XRP Technical Indicators
Technical indicators reflect downward pressure on the market: * Relative Strength Index (RSI) – 39.46, indicating nearing oversold conditions. * MACD shows a negative value of -0.021, pointing to continued selling pressure. * ADX is at 17.79, indicating the weakness of the current trend. * CCI at -63.82 confirms the bearish trend. * ATR reads 0.0406, indicating low volatility in the short term.
XRP Price Development Scenarios
There are two development scenarios for XRP. The bullish scenario suggests that with positive news or market rally, the price could return to the $2.06–$2.08 range. The bearish scenario indicates a possibility of falling below $2.00, which might trigger further selling.
The XRP price remains in a range between $2.00 and $2.06, with a likely retest of the support level. Attention should be paid to the $2.00 mark as a key level.
