XRP 2-Week Bull Run Ends, Price Now Vulnerable To Correction
XRP recently achieved a new all-time high (ATH) of $3.40 in a two-week bull run, marking a significant milestone in the cryptocurrency’s history. However, this upward trajectory appears to have hit a ceiling.
All indicators now suggest a correction before XRP attempts to repeat such performance. The coin, currently trading at $3.11, appears to be stabilizing but is showing signs of fragility.
XRP can witness
One of the major signals pointing to a potential correction is the price Daily Activity Address (DAA) divergence, which is flashing a sell signal. Despite the bullish price action, the number of active wallets interacting with XRP has dropped significantly. This difference between price and participation is often a sign of weakening investor interest, which can lead to negative Impact on XRP price.
The drop in participation is concerning as it highlights the biggest support XRP has benefited from the most. If this trend continues, it could undermine the token’s ability to sustain current price levels, subjecting it to further declines.
On the technical front, the Moving Average Convergence Divergence (MACD) indicator recently pointed to a bearish crossover. Bullish momentum in XRP has led to the latest ATH, a shift that comes just two weeks ago. While the last rally was short-lived, its impact was enough to push XRP into new price territory.
However, a bearish crossover on the MACD suggests that broader market momentum is starting to weaken. No updated buying pressure or positive market tips, XRP could be Experience price drops.
XRP Price Prediction: Seeking Support
XRP’s recent ATH of $3.40 has yet to see a major sell-off, with the token now trading at $3.11. At this level, prices appear to be stabilizing. However, current trends suggest this stabilization may be temporary.
Given the sell signals from the DAA Divergence and bearish MACD Crossover, XRP can face Make corrections in the short term. The price could drop to $2.73 before finding support and a bounce below $3.00. This correction will provide a stronger foundation for future rallies.
On the other hand, a shift in broader market conditions could tip the balance toward the bullish side. if XRP vulnerability Priced at $3.40, it will invalidate the bearish outlook and pave the way for a new ATH. Such an outcome will depend heavily on increased market participation and a surge in investor confidence.
Disclaimer
and trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions may change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,,, privacy policyand Disclaimer Updated.
