XRP Price Faces 13% Correction As Investors Pull Back
XRP recently tried to set a new high -history (ATH) of $ 3.40, but failed, falling to the current $ 3.15 price. The decline happened on the chart that the decline was increasing.
The situation of investors worsened, and the decline in participation put pressure on the performance of the cottage.
XRP is facing pressure
The daily active address (DAA) price is departing from a clear selling signal, reflecting the decline in investor activities on the XRP network. The reduction in transaction volume is worrying, because it highlights people’s confidence in alcoholic coins. Daa’s departure red strip showed a strong sell signal, warning investors’ potential prices to fall.
If the investor continues to withdraw from the network activity, The price of Ripple May face greater selling pressure. The lack of strong transactions has weakened the level of support and makes the cottage coins vulnerable to sharp adjustment. If the participants do not re -generate interest, the recovery of XRP may still be limited in the short term.
XRP’s macro power It indicates a further downlink risk. The moving average convergence difference (MACD) is on the edge of the collision. This technical indicator shows that the selling momentum is surpassing the pressure of buying, causing concerns of traders.
In addition, the column diagram on the MACD is back. The falling line will confirm that the decline is firmly occupied. This is consistent with a wider market trend, but the market trend is still uncertain, which exacerbates the challenge of the XRP price trend.
XRP price prediction: break through the high point
XRP is trading After reaching an ATH of $ 3.40 earlier this month, the price was $ 3.15. Despite many attempts to maintain the uptrend, it is still difficult to maintain a rise in the cottage. Declined emotional and decline in investor activities continued to affect its price trend.
If the drop factors continue to exist, XRP may fall to a key support position of $ 2.73, that is, 13% of the callback. If you fail to keep this support, it may lead to further losses, and the price may be pushed to $ 2.18. Such a decline will erase the recent gains and strengthen the prospects.
On the other hand, if XRP management If you can get a strong support of $ 2.73, it is expected to stand firmly. Bounce from this level may make the Congzhan dollar exceeded $ 3.40. If it is successful, XRP may reach a new high, which effectively eliminates the falling scene and re -ignites investor confidence.
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