Despite recent upward movements, XRP's struggle to maintain consistent gains and bearish sentiment are hindering its potential to reach a new all-time high (ATH). Ripple CEO Brad Garlinghouse has advocated for clear regulation in the crypto space. The Price Daily Active Addresses (DAA) Divergence and Moving Average Convergence Divergence (MACD) indicators are both signaling a bearish shift in XRP's momentum. This suggests that a reversal in price direction could be imminent, and reaching a new ATH may be unlikely in the near future. XRP's current price stands at $2.14, approximately 54% away from its previous ATH of $3.31. To maintain any bullish potential, XRP needs to stay above the $2.00 support level, otherwise, it could experience a deeper decline. The outlook for XRP appears uncertain with significant resistance ahead.



Other News from Today