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- Technical Predictions: XRP sellers strengthen their grip:
The price of XRP is hovering above the support level between 2.07 and 2.10 US dollars at the time of writing this report on Wednesday, with bears tightening their grip. The Relative Strength Index (RSI) is at 37, heading towards the oversold area on the daily chart, confirming the bearish outlook.
Similarly, the Moving Average Convergence Divergence (MACD) indicator ( has maintained a sell signal since Sunday. The blue MACD line is still below the red signal line, indicating a trend of investors towards risk aversion.
The daily chart of the XRP/USDT pair
Any decline below the immediate support level for XRP at 2.07-2.10 USD may justify an extended correction below the critical level of 2.00 USD. The next key area to watch is 1.90 USD, which was last tested in June.
However, a reversal in direction is still possible from the current support level between $2.07 and $2.10 if investors increase their exposure with the expectation of a steady recovery towards the 50-day exponential moving average )EMA( at $2.46.
)