$XRP Struggles Near Support: Will Buyers Step In?

#XRP faces downward pressure as technical indicators lean bearish. The recent price action shows a consistent decline, with lower highs forming a clear downtrend. The 9 EMA currently hovers below the 20 EMA, indicating bearish momentum. This crossover suggests that sellers are in control, with prices struggling to sustain upward momentum.

The MACD histogram deepens in the negative zone, signaling a strengthening bearish divergence. Additionally, the RSI remains oversold, pointing to potential exhaustion among sellers. However, the lack of significant recovery in RSI implies a continued bearish sentiment unless a strong catalyst emerges.

Critical levels to watch include support at $1.9678 and $1.9322, where buyers might step in to stabilize the price. Conversely, resistance at $2.1683, $2.1722, and $2.1791 represents potential hurdles for any bullish reversal. Traders eyeing long positions should wait for a clear breakout above $2.1722 with strong volume confirmation, while short traders might consider entries on failed tests of resistance near $2.1683, aiming for support at $1.9678. #Ripple #RippleLabs #XRPUSDT