Investors continue early XRP to sell as the price exceeds $ 2

XRP has struggled to secure growth in recent days, with Altcoin failing to maintain major support levels. Despite trying to collect the price, XRP was unable to penetrate the level of $ 2.32, leaving the price hovering over $ 2.00.

Those who bought a three -week bull race from XRP now face losses after a failed breach of decisive barriers.

XRP holders face challenges

The liquidation map shows that there is a large amount of short centers – worth $ 400 million – is at risk of liquidation XRP price It rises to $ 2.32. However, even with XRP trading at $ 2.15, just 8 % of the $ 2.32 threshold, the filtering capabilities do not look imminent.

The behavior of XRP investors indicates that this liquidation may not occur in the short term. This is because XRP holders tend primarily to sell via nails at the present time.

XRP momentum Signs of weakness appear, as evidenced by the profit/loss rate. This indicator indicates that the achieved profits are decreasing and may soon turn into losses. The offer that is sold from the purchases made during the XRP race will be possible in November 2024 Bull when the price rose to $ 2.

XRP shape is a new return in January; However, since then, the price of XRP has decreased to $ 2, and many investors who have bought higher levels now sell losses. This constant pressure for sale is to prevent XRP from experimenting with any significant height, which increases the feeling of upscale joy.

The price of XRP is looking to collapse

XRP is currently Trading at $ 2.15, slightly lower than the local resistance level of $ 2.16, which failed to secure it as support earlier this month. Altcoin is merged under $ 2.27, a resistance level has been a point of disagreement since the end of March. If the price remains higher than the support of $ 2.00, it may settle on these levels, which prevents more losses for investors.

The chances of continuing monotheism seem high, as XRP exceeds $ 2.00. This can keep the market relatively stable as investors are waiting for more signals to confirm the next step. With no large incentives, the price may fluctuate within this range.

However, it should XRP breach Resistance 2.27 dollars and a height of about $ 2.40, the aforementioned references can lead to a new wave of purchase, and may lead the price to the top. This would provide a more upward look and transfer market morale.