Ripple (XRP) has declined again after a short -term rise in recent days. In the SEC case, Ripple’s accepting an agreement of $ 50 million by giving up the appeal created a temporary enthusiasm in the market. However, despite this development, the XRP price did not come to a strong continuation rally and decreased to $ 2,47, increasing the question marks.
Although some analysts argue that this hesitation in the XRP price is temporary, technical analysis, chain data and investor behaviors point to three critical signals that may indicate that this rise is over. Here are detailed analysis:
Weekly Graph: XRP is stuck in consolidation
The XRP’s weekly price graph clearly shows that it has been stuck in a narrow range for the last few months. The band between 2,14 and $ 2.94 has not broken for months. The inability to overcome these levels proves that buyers are not strong enough.
In addition, the RSI indicator signs the decline. The decrease in purchasing print and the continuation of the MACD histogram producing red rods indicate the loss of momentum. If the price hangs below this consolidation range, even under the psychological threshold can be tested even below $ 1.
Social volume is wavy: Fomo or real demand?
Centimeter data reveal that speeches about XRP on social media often increase only positive news. This suggests that investors are doing short -term transactions with FOMO influence.
However, only sudden purchases are not enough for long -term rise. In order for the XRP price to move to a sustainable rise, investors need to have a more permanent trust and keep their coins. Otherwise, these fluctuations in social volume may cause the price to be trapped horizontally.
Ripple case may be priced now
Although it is a major improvement in the end of the case between SEC and Ripple, it is possible that the market has priced this news. The famous analyst Dom emphasizes that the latest news creates a short -term movement in the XRP price.
Another analyst MnlTrades said, “This case is over now, so what’s next?” he said that investors will begin to look for other catalysts. For the XRP, the next rise should be triggered by ETF approval or Ripple’s new and powerful news, such as the IPO process.
Conclusion: Did the rally end for XRP, or a pre -storm silence?
XRP is currently passing through a complex area in technical and fundamental terms. The instability of the social volume, the decrease in the impact of weak technical signals and large catalysts suggests that the bull run may have ended.
We go through a period where investors should be careful. The loss of $ 2.14 dollars of XRP may bring a deeper correction. However, the market is full of surprises and a new wave of news can restart the rise at any time.
