- The price measures of XRP are kept fragile, but the XPR ledger network is fundamentally powerful.
- Will BULLS regain control or deeper correction?
Ripple (XRP) of highland assets increased 34% a day, forming a strong discipline candle.
But the next day, if the Sharp fell 18.79%, most of the profits disappeared.
The XRP is now fighting to maintain a psychological $ 2.00 level, and the recent “deep” has raised concerns for slides towards $ 1.50, the main support area.
If the active address decreases by 50%, the MACD will weaken, and if the market feels weak, the XRP will face deeper modifications.
XRP: Defense or collapse at a critical point of view?
Unlike most assets, Ripple maintained a profit after the election, and Hodlers’ powerful Cohort still maintains net profit.
The well -defined support area of the 1D chart maintains the stability of XRP at more than $ 2, even if the wide market turbulence extends several altcoins below the main level.
Source: TradingView (XRP/USDT)
In addition, Exchange leaks, with 99 million XRP withdrawal to $ 2.30, 94.12% spike, with 94.12% spikes.
This aggressive accumulation helps to absorb sales pressure in the permanent market despite a high level and short positioning increase.
Main level to watch
In the short term, as the HODLER conviction, strong retail inflow and elastic technical support continues to maintain the RIPPLE structure, there is still no break of less than $ 2.
In addition, whale accumulation remains aggressively injecting 2 billion XRPs last week with 100m -1B XRP. This recovers from $ 1.98 of XRP.
Source: Santiment
This accumulation relaxes sales pressure to strengthen market trust despite its dominant volatility and short seller activities.
If this trend continues, the Ripple can not only hold $ 2 or more, but also cause short pressure. This will forcibly force liquidation and fuel to go up to rise.
Ripple’s current positioning offers a powerful “purchase” opportunity to potentially set the stage of the next legs.