$XRP
🚨 XRP Rises 2%, Yet Sellers Continue to Dominate! 🚨
XRP rebounded slightly in the last 24 hours, rising about 2% following the significant decline experienced last week. However, don’t become overly enthusiastic—sellers remain firmly in charge.
The token is leveling off around $1.45; however, the overall downtrend persists, marked by lower highs and lower lows prevailing on the chart since the end of January. Momentum is negative, as the RSI remains in the mid-30s, well below neutral. At the same time, on-balance volume (OBV) keeps declining, indicating that recent increases are probably temporary relief or short-covering instead of new buying pressure.
XRP encounters significant resistance in the $2.05–$2.30 range, identified by important Fibonacci levels. A continuous move above this zone is necessary to change the short-term trend to a bullish direction. Until then, traders ought to be careful—each rebound is expected to encounter selling pressure.
✅ Main Insight: XRP's 2% increase is a short-term halt in a larger declining trend. Short-term trading chances are available, but don’t confuse this with a trend reversal.
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