📉 XRP on the brink of the abyss or a buying opportunity? Analysis of support at 1.84 $
The XRP market is currently under high tension.
After a decline of 4.65% in the span of 24 hours, the token is testing a critical support level around 1.84 $.
The question everyone is asking: is it time to capitulate or to strengthen positions?
📊 Technical Analysis: Are the signals alarming?
For our advanced traders, the current indicators demand heightened vigilance:
Moving Averages: The price is currently operating below its key moving averages, confirming short-term selling pressure.
MACD & RSI: The MACD remains in negative territory while the RSI, at 32.8, is nearing the oversold zone. Historically, such a low RSI can precede a violent technical rebound, but beware of false starts.
🏛️ The Institutional Paradox: "Smart" money is buying
Despite the price drop, a major signal is undeniable: institutional interest remains massive. Net flows into spot XRP ETFs have recently crossed the symbolic threshold of one billion dollars.
Pro Analysis: There is a striking divergence between the price (declining) and institutional accumulation (increasing).
This type of setup often indicates a redistribution phase where weak hands sell to institutions that see the long term.
💡 What to watch for this week
Maintaining support at 1.84 $ : If this level gives way, the next psychological stop could be much lower.
ETF Volume: An acceleration of incoming flows despite the decline would be a sign of an imminent "Bottom".
Conclusion: The situation is delicate but institutional fundamentals have never been stronger. Do not let yourself be blinded by the market's emotional fear.
