The price of XRP finds stability above $ 2 in order to collide the opposition forces

XRP price has faced a struggle to recover in recent weeks, while the conditions of the broader market remain. Despite these challenges, XRP managed to stick to a $ 2 brand settlement.

This stability is largely driven by their long -term holders (LTHS), who work to prevent the price from declining without this main level.

XRP investors invest low prices

The scale of possession, which tracks the frequency of transactions, has been a steady decrease since February. This indicates that the number is less XRP at lower prices.

This trend can be a positive indication, which indicates that these investors believe in the future capabilities of XRP and put themselves to achieve long -term gains. Despite the accumulation of LTHS, the market morale is still mixed due to the broader landmark.

From a technical perspective, the relative strength index (RsiFor XRP has been stuck in the Habboudia area over the past two months. Although it sometimes rose over the neutral line at 50, it remained below largely, indicating that there is no clouds. This continuous declining trend has faced long -term efforts to raise the price.

The failure of the relative power index to maintain upward momentum indicates this XRP is still struggling To gain traction. This is exacerbated due to the total landmark conditions, which kept the morale of the defeated investors.

The price of XRP is detained

Time to write this report, XRP is trading At $ 2.08, a contract higher than the support level of $ 2.02. This indicates that Altcoin settles despite the recent decline. It seems that the support provided by long -term holders keeps the price standing on his feet, which prevents an additional decrease.

However, mixed signals of both technical indicators and market morale indicate that XRP is likely to hover under the resistance of $ 2.16 until the strongest ups of the bullish appear. This procedure can continue with the extent -related prices, making investors not sure the next main step.

if XRP failure For $ 2.02 support, Altcoin can drop to $ 1.94, or it is likely to be low to $ 1.79. The decline without these levels will nullify the current ups and can extend the losses to investors, indicating more market weakness.