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Can Ripple’s XRP Flip the Script or Sink Deeper into the Bear Trend?

  • XRP is currently trading around $2.26 with a surge in trading volume of over 74%.
  • The broader crypto market cap remains at $3.33 trillion, experiencing a slight pullback, causing major tokens to trade in the red. XRP shows a 0.04% loss amidst mixed signals.
  • XRP's MACD line crossing below the signal line indicates potential weakness in the uptrend. The CMF suggests strong buying pressure, while the RSI and BBP values imply a neutral sentiment with a slight bearish edge.
  • If XRP's support at $2.22 fails, a correction to below $2.15 could occur. However, breaking resistance at $2.30 might lead to a bullish trend towards $2.40 with a possible golden cross formation.

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