XRP has experienced harsh fluctuations in recent weeks. The price managed to maintain the 2 dollar level despite the downward trend in the market. However, while the investor interest weakens, the direction of XRP remains uncertain.
Interest in XRP is decreasing
According to the latest data, Ripple investors’ interest in the market is rapidly falling. The number of active addresses decreased from 530,000 to 123,000 in a short time. This shows that investors’ confidence in XRP is reduced and the transaction volume is narrowed.
Low liquidity in the market makes it difficult to recover the price. However, long -term investors (LTHs) continue to keep the price at critical support levels. If these investors do not sell, XRP may be able to remain above $ 2.
Can XRP exceed 2.33 dollars resistance?
The XRP is currently trading for $ 2.17 and maintains $ 2.14 support level. However, for an upward movement, $ 2.33 resistance needs to be exceeded. The current market conditions make it difficult to break this level.
If the XRP cannot catch a strong wave of purchase, the price is likely to be stuck in a narrow range. Depending on the general movement of the market, Ripple may test the level of $ 2.33 or move downwards again.
Critical Support for XRP: What happens if 2 dollars cannot hold?
If the XRP loses $ 2.14 support, the price may quickly decrease to $ 1.94. Going below this level may further shake the confidence in the market and start a new downward trend.
On the other hand, if the XRP investors can maintain the price at these support levels, the chances of recovery may continue. However, the general course of the market must be positive for the rise. Now investors closely follow critical levels to see which direction XRP will go!
Decision time for XRP investors!
As Kriptokoin.com, Ripple is stuck at critical levels and will determine the direction of the price. If buyers gain strength, a break can occur above $ 2.33. However, if the sales pressure increases, Ripple may lose a harder decrease by losing $ 2 support. For this reason, investors should carefully monitor market movements and shape their strategies accordingly!
