18 February XRP Price Prediction: Will It Rebound or Enter Freefall?
The price movement of XRP recently indicates a shift toward a potentially volatile trend as it struggles to maintain momentum after an initial breakout. After a stretch of steady gain, the asset has run into resistance around the $2.70 mark and has struggled to stay above it. Unfortunately, investors’ lack of confidence in XRP’s future is a dangerous signal to the rest of the market.
Despite XRP’s previous bullish structure, the market is showing symptoms of reluctance, with buyers seemingly unable to keep up the pace necessary for a full-scale breakout. If the 50-day EMA, which is at $2.65 right now, breaks below the crucial support level, a bearish reversal might be verified. $2.25, which has historically been the beginning of XRP rallies, is the next significant support level to watch.
XRP Bulls Must Act Fast: Failure to Hold $2.75 Could Spell Trouble!
In the coming days, XRP must bounce back and stay above $2.75 in order for a bullish situation to occur. If this level is successfully retested, interest may be rekindled and the price may approach the psychological $3.00 threshold. However, if there is not enough buying pressure, the asset can move toward lower support zones. The market is still apprehensive about XRP as volume indicators show a decline in active trading interest.
The asset’s RSI level, which is about 45, permits movement in either direction because it is neither overbought nor oversold. At $2.25, XRP might try lower support. A break below there might bring the price back into the $1.75 region if selling pressure increases. In conclusion, the market’s overall momentum will likely determine XRP’s future move.
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