- XRP token price fails to rise above the resistance trendline as it consolidates with a slight negative slope.
- The token price trades below all the critical EMAs with a recent death cross in the daily chart.
- The XRP/BTC pair trades at 0.00001817 BTC with an intraday move of -2.12%.
XRP token price rose after finding demand near the $0.54 support level, but the short-term uptrend was lacking bullish momentum. As a result, the coin price failed to rise above the 20-day EMA.
The coin price consolidates closely near the resistance trendline, refusing to fall and struggling to rise. The trading volume in the coin price has declined to result in a minute negative slope in the price trend.
The XRP coin price is $0.5701, with an intraday drop in market capital of -3.41% within 24hrs. The token’s intraday trading volume has increased by 3.76%, indicating an increase in sellers. XRP still dominates 2.07% in the crypto market.
Falling XRP Token Struggles To Reverse The Trend
Investors might soon notice the XRP coin price finding support at $0.50 and $0.44 marks as the token price of the opposition tends lower. However, the $0.78 and $0.67 levels may push the bulls lower in case of a reversal.
The price of the coin is trading below the significant EMAs on the 4-hour technical charts. Moreover, all EMAs are in a bearish alignment and projecting an increasing bearish momentum.
As the RSI line drops and reaches oversold, the RSI (bearish) indicates growth in bearish momentum.
Although the ADX predicts a decline in trend momentum, it may increase soon.
Conclusion – XRP token price moves in a downtrend with a bit of negative slope. The token price may soon hit the low of $0.44 as the underlying bearishness increases.
Support – $0.50 and $0.44
Resistance -$0.78 and $0.64