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XRP Forms First Bearish Signal of 2025: Details
In a recent update, the XRP price has started to display bearish signs, marking a significant departure from its previous uptrend. The cryptocurrency’s value has declined by around 7.49% this week, indicating a potential change in market sentiment.
The initial signs of weakness were evident when the currency broke below the daily SMA 50 support level at $2.176. This development is crucial as it indicates that the bears are regaining control over the market. It’s essential to monitor XRP’s performance closely as we move forward.
However, despite this negative signal, bulls still hold the upper hand. A break above the $2.50 resistance could potentially spark a new rally toward $2.72 and then $2.90.
Source: u.today
