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⛓️ Crypto🔴 BearishImportance 6/10Actionable
XRP Price Turns Soft, Red Signals Renewed Bearish Pressure
🤖AI Summary
XRP price has extended losses, trading below $1.40 and facing bearish pressure with key resistance at $1.3750. Technical indicators show continued weakness with MACD gaining pace in bearish territory and RSI below 50.
Key Takeaways
- →XRP broke below critical support at $1.40 and is now trading below the 100-hourly moving average
- →Price hit a low of $1.3358 and faces immediate resistance at $1.3750 with a bearish trend line forming
- →Technical indicators are negative with MACD accelerating in bearish zone and RSI below 50
- →Major resistance sits at $1.40 while support levels are at $1.3350 and $1.3150
- →Failure to reclaim $1.40 could lead to further decline toward $1.30 support zone
Mentioned Tokens
$BTC$68,484▼-3.3%
$ETH$2,050▼-4.7%
$XRP$1.36▼-2.7%
Non-custodial · Your keys, always
Read Original →via NewsBTC
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