The XRP price has started a recovery wave, following the movements of Bitcoin and Ethereum. It has moved above various resistance levels and reached a high of $2.780 but is now experiencing a downward movement. The price is currently trading below $2.550 and the 100-hourly Simple Moving Average. If it fails to clear the $2.50 resistance zone, it may start to decline again. The next major supports are near $2.260 and $2.1450, while the major resistances are at $2.50 and $2.60. Technical indicators suggest a bearish trend, with the MACD in the bearish zone and the RSI below 50.
Content Editor ( newsbtc.com )
- 2025-02-07
XRP Price Weakens Gradually: Can It Find Support?
