CandleFocus XRP Rally Stifled: Bearish Traders Prevent 48% Surge to All-Time High
2024-12-26
Author: Content Editor
The content highlights that XRP has been stuck in a sideways pattern and has not been able to reach new all-time highs like Bitcoin. The lack of significant movement has frustrated investors and led to a growing bearish sentiment among traders. Short contracts dominate the market, indicating that investors are expecting XRP's price to decline rather than recover. The Relative Strength Index (RSI) is sliding downward, signaling bearish momentum gaining strength. XRP is consolidating between $2.73 and $2.00, delaying its chances of forming a new all-time high. To target the previous all-time high of $3.31, XRP needs to break out of its current range and flip $2.73 into support. Failure to hold above the critical support of $2.00 could lead to further losses.
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