What’s Next for XRP Price April 23? Analysis Eyes Key Support Test
- XRP holds above $2.06 support, but a drop below $2.04 may trigger deeper losses.
- Resistance at $2.13 caps rallies, with bulls needing a breakout to reverse momentum.
- MACD and RSI indicators hint at early bullish momentum, but confirmation remains lacking.
XRP continued to show signs of weakness as the price struggled to regain upward momentum, trading at $2.08 with a 1.98% decline over the last 24 hours. The chart reflected a noticeable short-term downtrend, defined by consistent lower highs and lower lows.
A brief rally attempt earlier failed as sellers regained control, suggesting cautious bearish sentiment heading into April 23rd, keeping traders focused on key support levels.
Key Support Near $2.06 Holds for Now
XRP’s recent pullback brought significant attention to the $2.06 level, which repeatedly held up throughout the trading session. Buyers appeared active near this price, attempting to stabilize the decline.
Moreover, the broader support range between $2.04 and $2.05 marked the lowest intraday dip, followed by a minor recovery. This zone may serve as a crucial floor if bearish pressure continues. However, a break…
The post What’s Next for XRP Price April 23? Analysis Eyes Key Support Test appeared first on Coin Edition.
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What’s Next for XRP Price April 23? Analysis Eyes Key Support Test
- XRP holds above $2.06 support, but a drop below $2.04 may trigger deeper losses.
- Resistance at $2.13 caps rallies, with bulls needing a breakout to reverse momentum.
- MACD and RSI indicators hint at early bullish momentum, but confirmation remains lacking.
XRP continued to show signs of weakness as the price struggled to regain upward momentum, trading at $2.08 with a 1.98% decline over the last 24 hours. The chart reflected a noticeable short-term downtrend, defined by consistent lower highs and lower lows.
A brief rally attempt earlier failed as sellers regained control, suggesting cautious bearish sentiment heading into April 23rd, keeping traders focused on key support levels.
Key Support Near $2.06 Holds for Now
XRP’s recent pullback brought significant attention to the $2.06 level, which repeatedly held up throughout the trading session. Buyers appeared active near this price, attempting to stabilize the decline.
Moreover, the broader support range between $2.04 and $2.05 marked the lowest intraday dip, followed by a minor recovery. This zone may serve as a crucial floor if bearish pressure continues. However, a break…
The post What’s Next for XRP Price April 23? Analysis Eyes Key Support Test appeared first on Coin Edition.
Read More