MZH Zee
08/07 14:31
XRP must hold above the $2.65-support area, or it would risk crashing toward $2, shows a growing bearish divergence between rising prices and falling momentum on the weekly charts.
XRP price has printed higher highs in recent weeks, while its relative strength index (RSI) has made lower highs since January.
The divergence reflects weakening upside momentum, even as price pushes higher, similar to what happened during the April 2021 market top.
Volume has also faded through the recent push, reinforcing the momentum exhaustion signal.
XRP’s ongoing correction could push the price toward the 20-week EMA near $2.55, aligning with $2.65 support.
A break below this range raises the risk of a deeper drop to the 50-week EMA at $2.06, a key mean-reversion level after overheated rallies.
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