XRP is facing increasing bearish pressure as it struggles to hold above the $2.45 support level amid weak risk appetite in the crypto market.
XRP has fallen below the 50, 100, and 200-day SMAs, signaling a bearish trend. On the four-hour timeframe, XRP has broken down from an ascending triangle pattern, reinforcing the bearish outlook. However, the Chaikin Money Flow (CMF) indicator has recently turned positive, suggesting a rise in buying interest.
Speculation surrounding Ripple’s CEO and a connection to Donald Trump has thinned a little recently. Although, there has also been speculation about XRP being considered for inclusion in the U.S. government’s strategic reserve, fueled by Donald Trump’s recent sharing of an article on Ripple’s growing U.S. presence.
XRP has fallen below the 50, 100, and 200-day SMAs, signaling a bearish trend. On the four-hour timeframe, XRP has broken down from an ascending triangle pattern, reinforcing the bearish outlook. However, the Chaikin Money Flow (CMF) indicator has recently turned positive, suggesting a rise in buying interest.
Speculation surrounding Ripple’s CEO and a connection to Donald Trump has thinned a little recently. Although, there has also been speculation about XRP being considered for inclusion in the U.S. government’s strategic reserve, fueled by Donald Trump’s recent sharing of an article on Ripple’s growing U.S. presence.
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blackbull.com/en/economic-calendar/?utm_source=tradingview
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blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.