XRP Gets Hammered For 8% Loss As Breakdown Below $2 Looms
XRP (CRYPTO: XRP) has plunged 8% to $2.16 on Tuesday as technical indicators show the downtrend may continue further.
Price Walks The Edge Of Breakdown
XRP Price Action (Source: TradingView)
XRP remains pinned beneath the descending trendline that has capped every rebound since September.
Each attempt to climb toward the trendline has failed, producing a sequence of lower highs that confirms a sustained bearish pattern.
The 20-day EMA stands near $2.49, the 50-day at $2.63, and the 100-day close to $2.69 — all positioned above price and sloping lower.
The 200-day EMA near $2.60 has flipped from support into resistance, signaling that the longer-term bias has shifted fully in favor of sellers.
As long as XRP trades below $2.50, bullish momentum remains absent.
Parabolic SAR dots stay above price and continue to expand lower, showing that …
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