📉 XRP failed to hold above $2.30 after a mid-April breakout, with the 50% Fibonacci retracement level acting as stiff resistance. Momentum indicators like the MACD and CMF are bearish, and capital outflows hint at mounting sell pressure.
🐋 Despite bullish signals like record whale holdings and long positions on Binance, on-chain data shows a lack of hype — new address creation is falling, and exchange outflows are drying up.
🌀 The Stochastic RSI is oversold, but weak momentum may limit a strong bounce. XRP briefly bounced from $2.15 but erased those gains, signaling more downside could follow.
💥 Heatmaps show $2 as the most magnetic zone — a key psychological and liquidity target. Expect XRP to hover near $2.15 as liquidations stack before the next move, likely in sync with Bitcoin’s trends.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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