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📉 XRP (XRP) Price Update
XRP is showing signs of weakness after failing to hold recent gains ⚠️
Last week, the token corrected over 5% following rejection at the lower trendline of a falling wedge pattern. On Monday, XRP briefly bounced, closing above the daily resistance at $2.35, but lost momentum with a 3% drop on Tuesday.
As of Wednesday 🕒, XRP trades around $2.41, hovering just above key support.
🔻 Bearish Outlook:
If XRP closes below $2.35, the correction could extend toward the next daily support at $1.96. The RSI also favors the bearish sentiment, similar to Bitcoin and Ethereum.
🔹 Key Levels to Watch:
Support: $2.35 and $1.96
Resistance: $2.72 (50-day EMA)
⚡ However, if buyers step in, a recovery toward the 50-day EMA at $2.72 could mark the next upside target.
#XRP #CryptoAnalysis #TradingUpdate #Fibonacci #EMA