CandleFocus XRP Falls to $2.20 After Breaking VWAP Bands, Testing Support
2025-03-11
Author: Content Editor
The news content discusses the impact of VWAP bands on the price of XRP. The price of XRP has been under pressure and has dropped to around $2.20, which is a critical level of support that needs to be maintained for a bullish momentum. The failure of XRP to stay above the VWAP bands suggests that bulls have lost some grip on the market. The 3-month VWAP is at 13.82% and the 1-month VWAP is at 11.6%, indicating a lack of strength to hold above these levels. Traders are now watching to see if the $2.20 level can provide enough support for a potential upward move. The Election VWAP is also impacting XRP, and its psychological zone boundary further solidifies its importance. The next few hours will be crucial in determining the market's reaction.
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