📉 XRP remains trapped between $2.76 resistance and $2.30 support since early February. However, technical signals hint the bears may soon break this equilibrium.
📊 The Chaikin Money Flow (CMF) at -0.04 signals rising sell pressure, suggesting funds are leaving XRP. Also, trading below its 20-day EMA confirms bearish momentum is gaining traction.
🔻 If XRP breaks support at $2.30, the decline could accelerate to $2.13, and potentially as low as $1.48. Bulls must reclaim $2.76 to invalidate this bearish scenario and aim for $3.41 again.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Top comments (0)