XRP Faces Hurdles in Market Momentum Amid Ongoing Losses
In the past two weeks, XRP has been in the merger stage to prevent it from building a new historical high (ATH).
Although Altcoin continues to maintain a higher level of support, it strives to obtain the necessary momentum to break through. The change of investor behavior may change this track.
XRP investors face losses
XRP’s transaction volume is largely dominated by losses. As the new ATH is still elusive, investors have begun to move their holdings. This trend has led to many XRP holders facing trading losses in the past two weeks, which has affected the overall market confidence.
If this model continues, traders may start to retreat from participation, thereby reducing trading activities. The decline in link interaction may be negative Affect the price of XRPIncrease the risk of expansion or potentially decrease below the key support level.
MVRV long/short differences show that long -term holders (LTHS) are still profitable, which benefits from XRP’s recent price action. These investors have not moved towards sales, although in the short term volatilityEssence Their continued to maintain stability is essential.
If LTH keeps your own position, XRP is less price May experience sharp corrections. This behavior marks confidence in the long -term potential of assets. This also shows that if the market conditions are still favorable, XRP can maintain its upward trend.
XRP price forecast: rise to new high
XRP is currently After the support level of $ 2.95, a micro rising trend has been experienced. Although the cottage coins are shorter than this level during the low point of the market, it quickly recovers and maintains on the trend line. This strengthened the momentum of watching the bullish.
Now, the cryptocurrency is less than 10 % of the new ATH with a distance of more than $ 3.40. If the upward trend continues and the long -term holders are still unswerving, then XRP may surpass this resistance and create a new price record in the next few days.
However, if XRP re -tested $ 2.95 and failed to hold this support, the price may be further declined. Resting below this level will increase the pressure of decline. This may be possible Push down XRP To $ 2.73 or lower, it makes the bullish paper invalid.
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