XRP short-term trend is indeed a bit ugly. The price has been firmly suppressed by the 5-day moving average at 2.1533, and every rebound gets stuck at the 10-day moving average at 2.11, unable to break through. The technical indicators are even more bleak—RSI is stuck at 49, in an awkward position, neither overbought nor oversold, with no clear direction. The MACD golden cross also looks weak and lacks any real momentum. The most heartbreaking part is the trading volume, which has shrunk to less than a fraction of its usual level, indicating severely low market participation. With the market so quiet and liquidity so drained, any negative news could trigger a sharp plunge. The current price is around 2.0822. If someone is bearish, this could be a good opportunity, but you need to seize the moment as such market conditions can change rapidly.

XRP-1,24%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt