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The price of XRP fell below the level of $ 2 after Trump’s tariff negotiations with Europe have disrupted global markets, but the story may not be as bad as it seems.
Despite a decrease of 4% in the last 24 hours, the volume of trade increased by 170%, showing increased interest from bulls and bears.
This sudden increase came when the closing of the cryptocurrency reached $ 788 million, which caused a sell-off in the market.
However, ETF exposure to XRP remains strong, indicating institutional demand that could lead to a recovery in the near future.
All signs indicate that the XRP price trend will remain positive if the financial crisis subsides and buyers return to the market at these levels.
XRP Price Forecast: A jump in the key level paves the way for a strong pullback
The four-hour chart shows that the price of XRP found strong support at the level of $1.85. The last time the price reached this level, it rebounded to $2.40 a few days later.
If interest rates continue at this level, today’s decline may be due to price scares rather than the end of the recent rally.
The XRP support line maintained its positive level. Now, the 200 Exponential Moving Average (EMA) is the most important point of resistance to see if the bulls are trying to recover the lost ground.
A definite break above the 200-period Exponential Moving Average (EMA) or 200-period EMA on the 4-hour chart, which means that 22% may be above the near term.
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A note XRP Price Prediction: New Millions Flock To ETFs As Bullish Reversal Appears On Chart – How High Can XRP Go? appeared for the first time Cryptonews Arabic.
