XRP’s upward momentum has taken a hit after the price failed to reclaim its previous high of $2.9, sparking a fresh decline that has resulted in the price dropping toward previous support levels. The rejection has raised questions about the strength of the bulls and whether they can regain control to steer the price back to higher levels. Bearish Build-Up On The 4-Hour Timeframe With bearish pressure mounting, the focus now shifts to key support zones and whether the bulls can hold firm against the downside movement, preventing XRP from experiencing a much deeper correction. Related Reading: XRP To Maintain Price Rally As Whales Reload Amidst Price Dip- Details On the 4-hour chart, XRP exhibits negative sentiment, attempting to drop below the 100-day Simple Moving Average (SMA) as it trends downward toward the $1.9 support level. Specifically, a continued descent to this support suggests that selling pressure is intensifying, and if the support fails to hold, the asset could experience more declines. Also, an analysis of the 4-hour chart reveals that the Composite Trend Oscillator’s trend ..
Support the originator by clicking the read the rest link below.
