XRP Altcoin signed one of the most remarkable price movements of 2025. On June 16, the 50 and 100 -day moving averages (EMA) increased to an important rise signal by closing about $ 2.27. However, this promising start was short. The next day, the price fell harshly, fell below the moving averages and went down to approximately $ 2.23. This sudden return in the price erases the gains during the day, while negatively affecting short -term market expectations. Temporary increase in volume and Relative power indexAlthough the rise tendency of the (RSI) seems to support the rise, the lack of the following receiver power revealed that the price movement is unsustainable.
Price Striking Return
On June 16, XRP successfully exceeded the 50 and 100 -day EMA levels that technical analysts closely followed. This successful exit altcoinIt was the potential to initiate a rise movement towards significant resistance levels between $ 2.40 – $ 2.50. Sudden increase in the transaction volume and RsiThe progress of the rise zone supported this optimism.
$[mcrypto coin=”XRP” currency=”USD”] XRP AltcoinHowever, this positive atmosphere dispersed in less than 24 hours. The harsh withdrawal price on June 17 is both 50 and 100 days Emapushed under the s. This movement invalidated the previous day’s break attempt. The fact that the price shows symptoms of rejection at these critical moving averages level reflected the indecision of buyers and the confusion in the market. These developments, which are the classic signs of a unsuccessful break, damaged the rise structure.
What do the technical indicators say for XRP Coin?
The technical results of this unsuccessful break are also very important. First of all, investors entering the position at the moment of breakage may now be damaged or sell panic. This makes the confidence in the rise momentum even more weakened.
Secondly, the current price movement is at risk of strengthening a decline trend targeting EMA, which is $ 2.09. This level is already a powerful support point that has already been tested three times in June.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
