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$XRP Technical Analysis And Price Movement As ETF News Comes Fourth

DATE POSTED:January 13, 2025

In the past 24 hours, whales have unloaded 60 million $XRP, contributing to the bearish momentum dominating the market.

$XRP is currently trading at $2.19, with a staggering $7.85 billion in 24-hour trading volume. The critical question now is whether the $2.10 support level can hold amid the ongoing sell-off.

Technical Analysis: Bearish Sentiment Prevails  

Short-term indicators confirm bearish momentum, while oscillators present mixed signals. The MACD leans bearish, indicating potential further downside. Resistance remains firmly established in the $2.4 to $2.5 range, adding pressure to $XRP’s price action.

XRP is trading at $2.19 with $7.85B in 24-hour volume