Live Crypto Markets

HomeCoinsRippleRipple price analysis (Bearish) — 2.22 USDT (-4.25% 24h)

Ripple price analysis (Bearish) — 2.22 USDT (-4.25% 24h)

-

Market Insight — XRPUSDT
Sentiment: Bearish

XRP is showing concerning technical weakness as it trades at $2.22, below both its 20-day SMA ($2.23) and 50-day SMA ($2.27). The 4.25% decline over the past 24 hours comes despite substantial trading volume of $355 million, suggesting genuine selling pressure rather than temporary volatility. The RSI reading of 43.6 indicates neither oversold nor overbought conditions, leaving room for further downside. Current price action suggests XRP is struggling to maintain support above key moving averages, which could signal a shift in medium-term momentum. Traders should watch for a break below $2.20, which could trigger additional selling toward the $2.10-$2.15 support zone. Until XRP reclaims the $2.30 level with conviction, risk remains skewed to the downside. Consider reducing long exposure and implementing tighter stop-losses around $2.18. The high volatility reading of 4.33% suggests traders should position size accordingly and avoid overleveraging in current conditions.

Key Metrics

Price 2.2233 USDT
24h Change -4.25%
24h Volume 354960696.17
RSI(14) 43.63
SMA20 / SMA50 2.23 / 2.27
Daily Volatility 4.33%

Ripple — 1h candles, 7D window (SMA20/SMA50, RSI).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Ark Invest Acquires $9M in BitMine Ethereum Treasury Shares Following Bitcoin Forecast Adjustment

In a strategic portfolio reallocation, Cathie Wood's Ark Invest has executed a significant purchase of BitMine Immersion Technologies shares totaling over $9 million. This acquisition...

Kazakhstan Explores $1 Billion Digital Asset Reserve with Gold and Foreign Exchange Holdings

Kazakhstan is advancing plans to establish a national digital asset reserve potentially valued at $1 billion, drawing from sovereign wealth, gold reserves, foreign exchange holdings,...

U.S. Government Shutdown Delays Senate Crypto Market Structure Bill Vote

The U.S. Senate is set to vote on legislation to reopen the federal government, a move that has placed the advancement of a pivotal cryptocurrency...

Ethereum’s Deflationary Status Under Scrutiny as XRP Emerges in Global Liquidity Race

The cryptocurrency market is closely monitoring Ethereum's potential transition away from its deflationary characteristics, raising questions about its long-term value proposition. Concurrently, XRP is gaining...

Most Popular

spot_img