The cryptography market corrections have dropped the XRP price by a maximum of $ 3.12 to a hollow of less than $ 1.8. With this, the token lost more than $ 10 billion in its market capitalization, which was still coming out of the 3 first cryptos while Tether resumed its position. In the past 24 hours, XRP has faced more than $ 97 million long liquidations, the highest after Ethereum and Bitcoin. On the other hand, low XRPs were trained both with the USDT and BTC pair, which still raises concerns about the next price rally.
Meanwhile, the markets display a certain resilience while tokens climb quickly, the BTC price recovering $ 96,000. As a result, XRP bulls have also slightly high levels of more than 10% after a 25% withdrawal. Does this suggest a drop in downward domination? Will the XRP price increase and reach the levels lost above $ 3 or will it end up consolidating around $ 2.5 for a while?
The XRP price has broken up the upward trend line, which acts as strong support since the break in November 2024. With that, the Supertrend has become a drop for the first time since escape, alluding to a change in the market dynamics. Meanwhile, the token maintained the FIB from 0.618 to $ 2.3 as an interim medium, displaying the possibility of a rebound at $ 2.8 while the crypto received immense support from the Bulls after reaching the monthly stockings.
At the time when the token was supposed to rekindle a strong recovery, some indicators suggest that the lower clouds may not fade so easily. DMI or direct movement index, follows the change in the market trend and displays a huge deviation of the lines + DI and -DI which were about to undergo a bullish crossover. In addition, the ADX triggered a bullish reversal referring to an increase in the force of the rally. Consequently, the rally should continue in the current direction, which can present more risks for the XRP price.
Consequently, the XRP price can remain under the lower influence until it finds the levels lost at MA of 50 days at $ 2.6. Beyond this beach, recovery could be sharp; Otherwise, horizontal consolidation of less than $ 2.5 can be extended until the market conditions relax.
