$XRP is currently showing signs of a consolidation phase as it fights to hold onto the $1.89 level. After a recent cooling-off period from the $1.98 highs, the price action is tightening.
🔍 Technical Highlights:
Current Price: $1.8928
Trend: The price is currently trading slightly below the MA60 ($1.8945), suggesting a short-term bearish pressure. Bulls need to reclaim this line to regain momentum.
MACD: The MACD lines are flattening near the zero mark. The histogram shows minimal green bars, indicating a neutral-to-weak bullish momentum.
Volume: We are seeing a decline in trading volume, which often precedes a significant breakout or breakdown once a new trend is established.
📉 Support & Resistance:
Immediate Support: $1.8788 (24h Low). Breaking below this could lead to a retest of lower levels near $1.85.
Resistance: $1.9338 and $1.9874 (24h High). A clear break above $2.00 is the psychological target for many traders.
XRP
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