XRP fails to clear $2.50 resistance – Are bears poised to take over?
Portfolio Pulse from
XRP is experiencing technical resistance and declining futures market interest, suggesting potential bearish momentum. The cryptocurrency has failed to break above $2.50 multiple times, with open interest dropping from $5.8B to $2.8B, indicating reduced speculative demand.
March 28, 2025 | 4:15 am
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XRP is showing signs of potential price decline with resistance at $2.50 and reduced futures market interest. The 50-day moving average and RSI suggest a neutral to bearish short-term outlook.
Multiple factors suggest bearish momentum: 1) Repeated rejection at $2.50 resistance, 2) Declining futures open interest, 3) Neutral RSI with bearish bias, 4) Potential breakdown below 50-day moving average
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100