The summary of the given content is that XRP is currently trading between $2.42 and $2.44 with a market capitalization of $141 billion. The short-term outlook for XRP is bearish, with resistance at $2.5 and support at $2.4. The four-hour chart shows a clear downtrend, with lower highs and increased selling pressure. The daily chart indicates a broader trend of declining price action, with the risk of further declines if XRP fails to sustain support at $2.4. Oscillator readings and moving averages suggest a bearish sentiment and continued selling pressure. However, long-term moving averages indicate potential support levels and the possibility of a recovery if buying volume increases. Overall, the downtrend for XRP remains intact, and lower support levels may be retested if resistance at $2.6 is not broken.
Content Editor ( news.bitcoin.com )
- 2025-02-24
XRP Price Watch: Is a Breakdown Below $2.40 on the Horizon?
