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XRP Forms First Bearish Signal of 2025: Details
Ripple’s XRP has just experienced its first bearish signal of the year 2025, as it has been trading downward for more than a week. The asset has fallen by approximately 7.49% over the past seven days.
Despite this decline, bulls have managed to maintain their ground above the daily simple moving average (SMA) 50 support at $2.176. This could be seen as a positive sign for traders and investors alike.
The recent price action does not rule out the possibility of an extended downturn in the near term, especially if bears can breach the neckline resistance at around $3.35 or higher.
Source: u.today
