XRP could not hold more than $ 3, and the price action is now becoming bear.
Key Support levels: $ 2.6, US dollars, $ 1.6 dollars
Key resistance resistance levels: 3 US dollars, $ 3.3
1. The first main sign of weakening for XRP
It was important for the XRP to hold more than $ 3 if there was hope for higher maximums. This level was lost today, and the price fell to $ 2.7. This drop also turned the level of 3 dollars into key resistance.
Today, cryptocurrency has fallen by 11%, which shows that sellers are returning. Although this is a correction in the market, the time for the XRP was quite unsuccessful, as this turns the bear diagram.
2. The fall of volume hints at the correction
The first distribution that could be corrected for XRP was seen in the volume profile. While the price reached above 3 dollars, the volume did not do the same. This was an early sign that a bearish divergence was formed, which called for caution.
3. Determined bear divergence
Bear divergence was very obvious in the volume profile, as shown below. However, the same situation can also be seen in terms of MACD and RSI Momentum. This only strengthens the argument that XRP could make a local top at the level of $ 3.4, and now a correction may follow.
