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RIPPLE PRICE ANALYSIS & PREDICTION (April 16) – XRP Faces a Rejection After a Week of Bounce, Resumes Selling

  • XRP faces a rejection after a week of bounce and resumes selling.
  • XRP's overall market structure is still considered bullish on a long-term scale, but it has formed a lower low and lower high pattern daily, signaling a new bearish phase.
  • The bears are currently eyeing the $2 level and $1.77 as key resistance levels. If they retake the monthly low, support levels are at $0.53 and $1.28.
  • The spot price of XRP is currently at $2.07 with high volatility.

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