XRP Shows a Negative Crypto Signal below $3.00

XRP/USD Long-term Trend: Bearish

The price of XRP is rising, but shows a negative crypto signal below $3.00. The $3.00 level marks the end of the upward correction. The cryptocurrency price has been swinging below $3.00 during the last 48 hours. A break above the $3.00 level will signal the return of the bullish trend. XRP will increase and reach $3.66, its previous peak.

XRP is facing rejection and may fall in value. If XRP breaks below the 21-day SMA support, it will fall to the 50-day SMA or the $1.85 bottom price.

Technical indicators

Key Resistance Levels: $2.50, $3.00, $3.50
Key Support Levels: $1.50, $1.00, $0.50

Weekly Chart Indicators Reading:

Following the initial decline, the price bars are now above the moving average lines. The altcoin has been halted at the first barrier, but it is correcting upward. The altcoin’s value will decline if it breaks below the 21-day SMA. The moving average lines are sliding upward in spite of the drop.

XRP/USD Medium-term Trend: Bearish

XRP has bounced back from its decline, surpassing the 21-day SMA, although it has been held back close to $3.00. The price movement has been stalled between the 21-day SMA support and the 50-day SMA barrier. XRP will rise or fall if either the 21-day SMA support or the 50-day SMA barrier is broken. The market’s path is uncertain because the cryptocurrency is caught between the moving averages.

Daily Chart Indicators Reading

The price bars are situated between the downward-sloping moving average lines. For the next few days, XRP will most likely be forced to trade in a range. The price of the cryptocurrency has been trapped between the 50-day and 21-day SMA support levels. The 21-day SMA is sliding below the 50-day SMA, signaling a fall.

General Outlook for Ripple (XRP)

The upward correction of XRP ends as it shows a negative crypto signal below $3.00. The cryptocurrency price fluctuates below the resistance level. The lengthy candlestick wick is retesting the $3.00 mark. On the downside, if bears break through the 21-day SMA support, XRP will restart its bearish trend. The price indicator shows a negative crypto signal.

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