Ripple’s XRP has currently fallen by more than 1% and acts at $ 2.39. The price of XRP continues to show a larger bearish divergence on the 3-day graph. Despite what bullish movement in the short term, the overall momentum still leans to the disadvantage. For months, market analysts have warned that the big bullish movement is unlikely in the near future.
Bullish action in the short term in the midst of a larger Bearish trend
XRP has seen short bullish movements, where a positive price structure breaks above the key levels. According to analyst Josh van Crypto World, these movements have enabled XRP to convert earlier resistance to support, so that traders hope for a short -term price promotion. However, the umbrella Bearish diversity remains, which indicates that larger price increases can still be unlikely for the near future.
Main support and resistance levels for XRP
XRP currently has support between $ 2.24 and $ 2.30, with large support from around $ 1.95 to $ 2.50. On the other hand, resistance levels are observed at $ 2.60 to $ 2.65 and again near $ 2.80. A considerable resistance zone is close to the $ 3 marking, making it an important level for every upward movement of possibilities.
Sideways price promotion that will probably take place
In the past month, XRP was mainly moved sideways within a price range between important support and resistance levels. With the larger Bearish divergence in the game, it is likely that this trend will continue until more definitive market signals arise. In the immediate term, it is expected that the price of XRP will fluctuate within this reach, with a lack of strong directional momentum.
XRPs long -term provision: waiting for a breakout
The long -term prevention of XRP remains uncertain, where market analysts suggest a “last hurray” for bullish action. Some believe that XRP could experience a final euphoric increase before a more important downward trend, powered by wider market forces. Because the market is still in a corrective phase, it can take time before XRP can break from its lateral movement and generate a substantial price action.
Conclusion: a market at Crossroads
Despite the price movements in the short term, the price of XRP is currently within a range, waiting for a catalyst to stimulate the next price change. While the Bearish divergence remains the dominant trend, there is a potential for bullish action in the short term.
