XRP Price Drops Below $3; Yet A Significant Recovery is Fast Approaching!
The cryptocurrency market has promoted annual transactions with a huge bullish, helping XRP prices to restore the level that has not been reached in the past 7 years, exceeding $ 3.3. However, the cryptocurrency market is facing major turmoil, so Rippo price After losing the key support of $ 3, a sharp decline. What to do next? Should you consider selling XRP and joining the list of “panic sellers”, or hold on to the selling pressure to alleviate?
Due to market emotions turn, the price of XRP may maintain a downturn for a period of time. At the same time, the bulls are trying to maintain the rise at $ 2.75, which is the first high after the breakthrough in November 2024. After the loss of more than 12% since the early trading, the problem has emerged. Is it time to sell XRP now? Buyers are still passive.
Since the price of $ 3.1, the shortness has been firmly controlled by the shortness, and the price has been dragging the price by more than 12%. The transaction volume has soared more than 200%and exceeded 9 billion US dollars, mainly led by short, implying that the tokens will soon provide a good buying range.
The short -term price trend of XRP shows that the tokens are facing a free fall after the losing 50 -day moving average resistance. Because the 200 -day moving average is expected to provide a strong foundation, a healthy rebound may occur. In this way, the price may continue to fall by 4% to 5% to approach nearly $ 2.6, which may further attract a lot of liquidity. One of the main bullish signals is the reversal of ADX’s bullish, implying that the rebound momentum is enhanced. However, the+DI and-DI levels have left each other after watching the fall, indicating that the rebound may take longer than expected.
Therefore, despite the continuous upgrading of XRP’s decoction pressure, the price of XRP continues to remain in the bullish range. It is believed that the market mood will soon turn to bullish, pushing the price to more than $ 3. Therefore, as the price of XRP will still soar to more than $ 4 in the next few days, the possibility of new ATH is still high.
