XRP Price Bounces, But One “Unlucky 13″% Threat Still Lingers
Despite a recent 2.3% bounce, XRP faces a lingering 13% downside risk due to bearish moving average crossovers and overhead supply pressure.Summary
The XRP price has seen a modest 2.3% recovery over the last 24 hours, trimming weekly losses, but the underlying structure remains fragile. Momentum indicators like On-Balance Volume (OBV) show signs of returning buyers with a move above its short trend line, though this mirrors a failed breakout in November that preceded a 19% drop.
Significant overhead supply pressure exists between $2.16 and $2.17, where a large cluster of XRP holders near breakeven might sell into any recovery. The primary threat, however, is technical: the 100-day Exponential Moving Average (EMA) is nearing a bearish crossover with the 200-day EMA. If this crossover completes while selling pressure persists, XRP could slide approximately 13% to the $1.81 support zone.
For XRP to invalidate this downside risk, buyers need to achieve a decisive daily close above $2.25, which would break the supply wall and potentially reverse the bearish EMA trajectory.
(Source：BeInCrypto)