XRPIn the first week of August, investors were uneasy by losing critical 3 dollars support. The possible negative incompatibility price that occurs in the weekly chart melts up to 30 percent and points to a strong pressure that can withdraw back to $ 2. Analysts emphasize that the first defense line was $ 2,55 – $ 2,62, and the risk increased hours before the weekly closing. The negative fluctuation in the crypto currency market increases the uncertainty.
It points to weekly graphic decrease
While clarifying the loss of red candle support burned below $ 3 in the weekly graphic Relative power index(RSI) in the downward deviation (negative incompatibility) also brought to the fore. This double signal has often been the pioneer of a few weeks of weak course in past data and increased the courage of the sellers. Investors are therefore focused on the next critical level of $ 2.50, and the reaction of the price.
Generally XRP Coinprice movements are shaped by hard leaps, not slow shifts. However, since the momentum is weak, the support of volume clusters may be limited and the price may hang on the $ 2 area in a few transaction sessions. In short -term approaches, this volatil structure requires a wide range of stop distances and is significantly filed for risk appetite.
With the refraction of the $ 3 in the form that has not yet been confirmed, liquidations have increased in futures and the funding rate declined in favor of the sellers.
Significant support was lost in daily time period
In the daily graph, the bottom of $ 2.90 was finally broken after the bottom was tested repeatedly and the sales pressure increased rapidly. This breakage opened a corridor where the price could be accelerated by creating a remarkable space below $ 2,62. Analysts describe this region as “last defense line için for short -term buyers.
Macro Front interest rate reduction expectations and regulatory uncertainties combining Bitcoin 
$113,966.40has carried the market share to the top of the last three weeks. Historical data show that the Altcoins lost acceleration during the periods of this metropolitan. Therefore, technical weakness is supported by basic factors. This double printing can reinforce the decrease trend of XRP and limit the upward movements in the short term.
Nevertheless, with the rapid withdrawal of $ 3 can produce short -term response rally by triggering momentum algorithms. However, the current indicators have not yet weakened expectations that the psychological 2 dollar threshold will be tested within the next few weeks. For this reason, investors can continue to evaluate hard, upward leaps as a sales opportunity.
CryptoappsyAccording to the data offered by the XRP decreased by 3.93 percent in the last 24 hours, it is traded for $ 2.86.
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.
