Bulls and Bears Fight for This Support in XRP
Cryptocurrency Analyst
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- XRP price trends are showing signs of weakness.
- The $2 support level has endured heavy scrutiny, but selling pressure remains low.
Analyzing the current market dynamics and liquidation heatmap, Ripple [XRP] appears to be charting a bearish course for the near future. As is the case with much of the cryptocurrency sector, XRP’s value has decreased alongside Bitcoin [BTC] over recent weeks.
Indicators on the daily time frame suggest a pessimistic outlook for XRP prices. A fall beneath the $2 support threshold could trigger an extended downturn towards $1.40 or lower to $1. This scenario could create a potential buying opportunity for swing traders looking to re-enter the market at advantageous levels.
XRP Price Forecast – Bulls and Bears Compete for Dominance at $2
Source: XRP/USDT TradingView
The analysis from AskFX regarding XRP’s daily time frame reflects an overall bearish sentiment. Market actions display negative trends as we enter into a retracement phase. The Awesome Oscillator has dipped below zero, signaling strengthened downward momentum.P
A drop into the range of 61.8% to 78.6% Fibonacci levels can occur due to strong demand surrounding $1.96-$2.20; however, such a scenario seems unlikely in present conditions as this zone is identified on daily charts as an area of value consolidation.
A/D continues its upward trend indicating persistent purchasing pressure in contrast with declining volume bars seen over three weeks which suggests weak selling activity even amid momentum shifts.
Enhancing liquidity and upcoming price thresholds
Source: Coinglass (19659015) Despite sustained efforts by XRP buyers attempting defending $$ n n$ area around two dollars liquidity accumulation just beneath this support region remains insufficient .The liquidation heatmap illustrates light green zones at both$$ nn$ and $$ ⥤ indicating probable price points leading forward .Additional insights reveal projections concerning Ripple’s Forecasts covering periods between 2025–26
Possibilities persist wherein X R P might return targeting previously mentioned segments while fluctuating toward alternate liquidity concentrations ultimately establishing movement patterns within forthcoming weeks.
Fluctuations in Bitcoin’s valuation anticipated significantly influencing prevailing sentiments regarding X R P .
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