Since he is struggling to support the impulse after the initial breakthrough, the recent price action of the XRP indicates a shift to a potentially variable trend. Assets were faced with a resistance of about $ 2.70 after a sequential growth period, and he could not maintain above the level. Unfortunately, he sends a clear signal to the rest of the market: investors are not too confident in the future XRP.
The market demonstrates signs of indecision, since buyers, apparently, cannot support the pace necessary for a full-scale breakthrough, despite the preliminary bull structure XRP. Bear Changes can be confirmed if the 50-day EMA, which is currently $ 2.65, breaks below the critical level of support. The next important level of support for which is following it is $ 2.25, which in the past served as a starting point for XRP rallies.
XRP must be restored and supported by more than $ 2.75. In the coming days to create a bull script. A successful re -test of this level can again arouse interest and lead to the fact that the price will come to a psychological marks of $ 3.00. Nevertheless, the asset can move in the direction of lower support zones, if the purchase pressure is not enough. Since indicators of volume indicate a decrease in active trade interest, the ratio of the market to the XRP is still careful.
Since the asset is neither overdue nor resold, its RSI level, which is approximately 45, allows you to move in any direction. XRP can check lower support at the level of $ 2.25; With an increase in sales pressure, a break below, which can move the price to an area of $ 1.75.
The next step XRP will probably depend on the general market impulse; The lack of volume and general belief is more likely to create a problematic copy when XRP does not encounter any pressure and does not find support.
