XRP
Rally Stifled: Bearish Traders Prevent 48% Surge
to All-Time High
XRP has been trapped in sideways momentum, struggling to join the league of
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin that have reached new all-time highs (ATHs).
The lack of significant movement has kept the altcoin from rallying,
frustrating investors hoping for a breakout. XRP’s recent performance
highlights growing bearish sentiment among traders.
XRP Traders Are Unsure
Traders are increasingly leaning toward shorting XRP rather than betting on a
rally. The Long/Short ratio currently shows short contracts dominating long
contracts, reflecting a monthly low. This imbalance highlights a bearish
market sentiment, with investors expecting a decline rather than a surge in
XRP’s price.
The dominance of short contracts suggests that most traders are preparing for
XRP to lose value rather than recover. This bearish outlook reflects broader
market uncertainty and could keep the altcoin’s price under pressure in the
near term, especially without significant bullish catalysts.
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XRP Long/Short Ratio. Source: Coinglass
XRP’s macro momentum also shows bearish tendencies, with the Relative Strength
Index ( RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI ) sliding downward. This decline indicates that bearish momentum
is gaining strength, adding to the challenges for XRP. However, the RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI
remains above the neutral line, suggesting that selling pressure is not yet
overwhelming.
The RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI’s position leaves room for potential recovery, but the downward
trajectory is a warning sign for cautious investors. Without increased buying
activity, XRP could face further consolidation or even a downward breakout,
emphasizing the need for traders to monitor momentum closely. XRP RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI. Source:
TradingView
XRP Price Prediction: Staying In The Lane
XRP is currently consolidating between $2.73 and $2.00, a range it has been
stuck in for the past three weeks. This prolonged consolidation has kept the
altcoin from breaking out, delaying its chances of forming a new ATH and
leaving it vulnerable to market shifts.
The current ATH of $3.31 remains 48% away from XRP’s trading price of $2.24.
For XRP to target this level, it must first break out of its current range and
flip $2.73 into support. This move would signal renewed bullish momentum and
set the stage for a potential rally. XRP Price Analysis. Source: TradingView
If XRP fails to hold above the critical support of $2.00, the bullish thesis
will be invalidated. A breakdown below this level could lead to a sharp
decline, putting the altcoin at risk of further losses.
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