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After weeks of upper and highest upperThe table of daily prices of XRP candlesticks now gives a signal that could dictate the next major movement. Although the token still keeps above key horizontal levels close to $ 2.13, technical data suggest that the momentum begins to slip. A technical analysis of the XRP daily RSI indicator offers an index on what comes then, and it is Not necessarily optimistic in the short term.
Enduring XRP RSI: loss of strength in the momentum
According to to an analysis published by Crypto Chartist Casitrades on the social media platform X, the relative force index of XRP (RSI) A Just broken below A respected trend line that has been following higher stockings since early April. The ventilation of this RSI structure, which is indicated on the lower half of the graph below, is a strong change in the dynamics from moment to short term for XRP.
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It shows that despite the XRP price holding relatively stable above the level of 0.5 fibonacci at $ 2.13, the internal market force has clearly weakened.
The RSI formed a tightening corner scheme for weeks, as well as the compression of the action of prices at the apex of a symmetrical triangle on the daily time. This type of RSI trend line rupture generally indicates an expansion of volatility to come, and as the analyst warns, the version can be accompanied by a keen of the opposite of XRP.
It is common that major price reversals are preceded by a thrust in lower supports. In the case of XRP, the Cryptrades Cryptrades analyst highlighted certain price objectives to monitor reversions in the event of XRP price break.
Risk support levels: XRP is looking for the rebound level
XRP price action is Between now an important Test phase, which could reduce its price before rebounding for the next major rally. The analysis of Casitrades shows some requests where buyers intervened. These demand zones are located at $ 2.01, which aligns with the extension of Fibonacci of 1.236, the price level of $ 1.90 and $ 1.55, which corresponds to the level of retrace of 0.618 of one of the recent rallies.
These levels are filled with sufficient liquidity, and Until XRP breaks and holds above $ 3These supports will always be at stake. If XRP tries one of these support levels and presents a clear VO recovery, this would point out that the market has found its pivot.
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However, if XRP addresses these levels and stalls or bounces prematurely, it can lead to a final movement to shake, forming a lower before the start of real inversion. Be that as it may, the RSI failure has now tilted the short -term risk towards the decline, at least until the price confirms a high recovery greater than $ 2.50 and $ 3.
At the time of writing the editorial staff, XRP is negotiated at $ 2.11, down 2% in the last 24 hours.
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