Global economic tensions are weighing largely in cryptocurrency markets, since XRP experiences significant correction in a strong sale pressure.
The recent announcement of possible 50% tariffs on imports of the European Union by the United States government has caused a generalized uncertainty of the market, with XRP falling together with most important cryptocurrencies despite the fact that Bitcoin recently reached new historical maximums.
Technical analysts point out the critical support in the range of $ 2.25- $ 2.26, with market observers who warn that a break below this level could trigger deeper corrections towards the $ 1.55- $ 1.90 zone.
Meanwhile, the institutional interest remains strong with the volatility actions that launched an ETF of Futuro XRP and the entrances of leverage ETF increase despite the fall of prices, which suggests that Wall Street continues to accumulate positions during the weakness of the market.
TECHNICAL ANALYSIS
- XRP underwent a notable correction of 3.46% during the 24 -hour period, with a decreased price of $ 2,361 to $ 2,303, creating a general range of $ 0.084 (3.57%).
- The most significant price action occurred during the midnight hour (00:00), when XRP collapsed to $ 2,297 in an exceptionally high volume (37.1m), establishing a strong volume -based support area.
- A secondary sales sale at 08:00 SAW Price touches the low period of $ 2,280 with the highest volume volume (39.9m), confirming a double bottom formation.
- In the last hour, XRP experienced significant volatility with an attempt to recover after the previous correction.
- After reaching a minimum of $ 2,297 at 13:11, the price formed a base of around $ 2,298 before organizing a substantial rally that begins at 13:27, reaching a maximum of $ 2,307 to 13: 36-13: 39 with an exceptionally high volume (627k-480k).
- This bullish impulse created a clear resistance zone to $ 2,307, which was tested several times.
- The last 15 minutes saw that a profit taking pressure arose, with a recoil price at $ 2,300, establishing a short -term support level that is aligned with the psychological threshold of $ 2.30.
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