XRP course under pressure: If a crash threatens or a healthy correction is waiting for investors?

<p> <strong> XRP course under pressure: If a crash threatens or a healthy correction is waiting for investors? </strong> </p>

XRP course analysis: Current situation and forecast

The XRP course has experienced a volatile development in recent months. After he crossed the 3 dollar brand again, a steep downward trend followed. The current course commutes at around $ 2.26 and there is increasing sales pressure. Many investors are wondering: is XRP just before a big crash, or is it just a healthy correction before a possible increase? In this article we take a look at the current charts and indicators to answer these questions.

XRP loses its swing?

A striking aspect in the chart is the loss of bullish dynamics. The XRP course is currently moving among all short-term moving average, including the 20, 50 and 100-day SMA. These lines are currently acting as resistance that XRP could not break through several times. Failure to these resistances indicates that buyers are currently not in control of the market.

In addition, the Heikin Ashi candles show red bodies with deeper highs throughout, which is a clear sign of a continuing bear atmosphere. XRP has not managed to overcome the resistance area at $ 2.50, which, together with the weak price movement, indicates that the coin has difficulty holding its position.

What does the RSI say about a possible slump?

The relative strength index (RSI) is currently around 42.9, which positions it in the neutral to bear area. Although he is not yet in an oversolding state, it is also far from a bullish signal. The continuous decline in the RSI has been particularly worrying since mid -February, without a bullish divergence.

This weak RSI position indicates that even a small increase in sales pressure could push the XRP course down considerably, possibly towards $ 2 or even near the 200-day SMA at $ 1.76

important support and danger zones

In the larger picture, XRP is still above the significant 200-day SMA, which is currently noted at around $ 1.76. In the past, this line has often served as the last line of defense in downward trends. Technically speaking, a case below this value would show a clear trend change in the bear mode, which could lead to further declines up to $ 1.50.

On the top, XRP would have to recapture the range of $ 2.50 with a strong volume in order to refute the bearish scenario. Only a daily closing course above this level could trigger new purchase dynamics. Until then, the downward risk appears more realistic than a sudden recovery.

conclusion: is there a bigger crash before?

In the crypto area, the term "crash" is often associated with a rapid decline of 30 to 50 percent. XRP is currently not in such a situation, but the structure shows potential for a deeper correction. If the entire cryptoma market occurs in a risk -new phase or new negative headlines appear in connection with Ripple's legal dispute, XRP could quickly slip.

Despite the current difficulties, there is no reason to panic. The long -term structure is not destroyed; Nevertheless, short -term caution is required. However, a break from the psychological brand of $ 2 would be a clear warning signal for the bulls.

recommendations for action for traders

The XRP course is under pressure, which is reflected in the position among the important sliding and the decreasing RSI. Traders should observe the support with $ 2 and the 200-day SMA at $ 1.76, since these brands could be decisive for possible bounce or breakdown scenarios.

Long -term investors should adapt to a turbulent phase, while traders should currently wait and pay attention to confirmation, ready for both scenarios: an outbreak down or an unexpected bounce.