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XRP Rally Blocked: Bearish Traders Halt 48% Peak
$XRP
XRP is currently trading at $2.24, with the price stagnating between $2.00 and $2.73. Breaking through $2.73 is a critical threshold for bullish momentum to revive.
However, traders have started to turn to the bear market and short contracts are in the majority. The RSI is in a bearish trend and macro momentum is weakening. If the $2 support is lost, it could pose a serious risk of collapse for XRP. On the other hand, turning the $2.73 support level into a mandatory step to achieve the $3.31 ATH target.
XRP is currently trading at $2.24, with the price stagnating between $2.00 and $2.73. Breaking through $2.73 is a critical threshold for bullish momentum to revive.
However, traders have started to turn to the bear market and short contracts are in the majority. The RSI is in a bearish trend and macro momentum is weakening. If the $2 support is lost, it could pose a serious risk of collapse for XRP. On the other hand, turning the $2.73 support level into a mandatory step to achieve the $3.31 ATH target.
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