CandleFocus XRP Price Analysis: Bullish Momentum Fades as Altcoin Risks Falling Under $2
2024-12-11
Author: Content Editor
Ripple (XRP) has experienced a 12% decline in the past week and there are technical indicators suggesting it could drop below $2. The Relative Strength Index (RSI) is currently below the 50.00 neutral region, indicating bearish momentum, and the Awesome Oscillator (AO) has shown fading bullish momentum. Additionally, on the 4-hour chart, XRP has formed a head-and-shoulders pattern, indicating a potential bearish reversal. If buying pressure does not increase, XRP could decline to $1.87, but if it does, it could climb to $2.90.
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