The XRP market has recently shown dramatic changes. After experiencing an astonishing rise, the price performance of XRP has started to show signs of fatigue.



Yesterday, the price of XRP showed a remarkable rise, soaring from $2.82 to $3.10, with its increase surpassing that of Bitcoin and Ethereum at one point. This rapid rise has attracted widespread attention in the market.

However, the current technical indicators seem to be sending warning signals. The bulls are facing resistance at the $3.10 level, and the key trend line on the hourly chart has been broken. Meanwhile, the MACD indicator shows that momentum is weakening, and although the RSI is still above 50, it has started to decline. These signs all suggest that there may be a pullback pressure in the short term.

If XRP cannot hold the 3.00 USD level, the market may further dip to the first support level at 2.95 USD. Deeper still, the Fibonacci 50% retracement level at 2.92 USD may also become a potential support. Meanwhile, 2.88 USD is considered a critical defense line; if this level cannot be maintained, the market may face a larger adjustment.

Nevertheless, the long-term prospects of XRP are still worth paying attention to. Market participants should closely monitor the upcoming price trends and various factors that may influence the direction of XRP. In the highly volatile environment of the cryptocurrency market, it is crucial to remain vigilant and conduct rational analysis.
XRP10.86%
BTC2.29%
ETH6.79%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Share
Comment
0/400
NFTRegretfulvip
· 4h ago
Suckers just watch the show.
View OriginalReply0
notSatoshi1971vip
· 10h ago
Cut Loss and wait for a Rebound to enter again
View OriginalReply0
MetaverseLandladyvip
· 08-05 08:49
I have seen through everything up and down!
View OriginalReply0
JustHereForMemesvip
· 08-05 08:29
Ready to lie flat and wait for the big dump
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)