XRP is currently trading at $1.30, having fallen approximately 15% over 30 days, 29% year-to-date, and 48% over the last year
U.Today analysis: XRP forms a 'death cross' on the daily chart, with its 50-day moving average falling below the 200-day average near $1.37, signaling weak momentum. XRP is currently trading at $1.30, having fallen approximately 15% over 30 days, 29% year-to-date, and 48% over the last year. The analysis indicates that the trend favors sellers, with the first support level at $1.25, and further potential drops to $1.20, $1.15, and $1.00 if selling intensifies. For a trend reversal, XRP needs to reclaim $1.33 and then the key zone of $1.37 to $1.40. In the past 24 hours, longs constituted most of the $7.25 million in liquidations.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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