$XRP Analysis: Bearish Pressure Persists
Price: $1.3803 (-6.48%)
• 24h High: $1.4807
• 24h Low: $1.2833
Key Moving Averages:
• MA(7): $1.3647 (support being tested)
• MA(25): $1.4007 (current resistance)
• MA(99): $1.4482 (long-term bearish trend)
Market Overview:
XRP experienced a sharp drop after hitting its 24h high of $1.4807, finding temporary support near $1.2833. The MA(7) level could act as a pivot for short-term momentum, while the MA(25) serves as overhead resistance.
Volume Insight:
Sustained sell pressure with moderate buy volumes indicates cautious buying interest.
Levels to Watch:
• Resistance: $1.4007 (MA25), $1.4482 (MA99)
• Support: $1.2833
Outlook:
To regain bullish traction, XRP needs to reclaim and consolidate above MA(25) at $1.4007. A break below $1.2833 may trigger further downside, testing lower support levels.
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