Oh joy, XRP is at another one of those “crucial junctures” 🙄. You know, where it’s like, “Will it go up? Will it go down? 🤷♂️” Yeah, because that’s not what we’ve been saying for months now…
So, XRP lost that super important daily 50-day Simple Moving Average (SMA) thingy back in February. And then it tried, and tried, and tried again (three times, to be exact) to get it back. Each time? REJECTED 🚫. Like me at a high school dance.
Now, on its fourth attempt, everyone’s on the edge of their seats (not really) wondering: Can XRP finally hold on to this level and maybe, just maybe, go up? 🚀
The battle for daily SMA 50 supremacy is, apparently, a big deal for XRP’s short-term trend. If it succeeds, PARTY TIME 🎉 (maybe). If not, well, you know the drill… more downward spiral 🌀.
For a breakout to actually mean something, we need to see some serious trading volume and sustained buying momentum. Currently? Trading volume is down 3.68% to $2.76 billion. Because, you know, excitement is overrated 😴.
If XRP gets rejected (again), we’re looking at potential supports at $2.21 and $1.89. Yay, more numbers to keep track of 📝.
Bullish or Bearish Outcome? (As If We Know) 🤔
After three whole days of declines, XRP bounced back from its March 23 low of $2.38. Bulls are like, “Hey, we’re buying on dips!” 🛍️. Then, it went above the daily SMA 50 at $2.42, because why not? 🤷♂️
As of now, XRP is down a whopping 0.06% in the last 24 hours to $2.44. That doji candlestick on the daily chart? Market’s all, “Meh, I’m undecided 🤔”. Bulls can’t push higher, bears can’t gain momentum. It’s like a financial stalemate 🤝.
If XRP stays above daily SMA 50, bulls might get all excited and try for $2.59. If they succeed, GASP $3 might be in sight, where sellers will be all, “Nuh-uh, not so fast!” 🚫.
But, if XRP drops below daily SMA 50 (but stays above $2.36), it’s still all, “Hey, we’re positive, kinda!” 🤞. For bears to actually win, they need to pull it below $2.20. Then, maybe, just maybe, we retest that oh-so-crucial $2 support 🎢.
Read More
- ALEO PREDICTION. ALEO cryptocurrency
- MUFASA: THE LION KING Trailer Tells the Tale of Mufasa and Scar as Brothers
- ATH PREDICTION. ATH cryptocurrency
- Marvel Confirms ‘Avengers: Secret Wars’ as the End of the Multiverse Saga — Here’s What Could Be Next
- Solo Leveling Season 2: Check Out The Release Date, Streaming Details, Expected Plot And More
- Save or Doom Solace Keep? The Shocking Choice in Avowed!
- Shangri-La Frontier: Sunraku To Challenge Ctarnidd
- Days Of Our Lives Spoilers: Xander’s Mother Arrives To Reveal a Secret That Threatens Theresa’s Plans
- Persona 5: The Phantom X Navigator Tier List
- SOL PREDICTION. SOL cryptocurrency
2025-03-25 17:43