price of
As a result, the asset is placed on the edge of a potentially bullish structure (weak but ultimately bullish) (green line on the chart), unlike Bitcoin (BTC) and some cryptocurrencies. his recovery is limitedis showing signs of weakness in the short term.
The decline was due to concerns about a new chapter in the tariff war. XRP loses a major support level. As seen on the daily chart, the price has dug downwards into a bearish channel (yellow line) that was unable to cancel out the bullish macro trend until Friday.
From a technical point of view, according to the theory of support and resistance (explained in detail in Cryptopedia, the educational section of CryptoNoticias) There should be major resistance near $2.65.. In order for Ripple’s digital asset to resume its upward trajectory, buyers will need to somehow overcome the above price levels and consolidate.
While other cryptocurrencies have shown faster recoveries after the crash, XRP remains in the lower price range.
XRP's lack of buying momentum highlights how macroeconomic and geopolitical factors continue to strongly influence the market, impacting different digital assets unevenly.
For now, market operators continue to monitor price movements around this new resistance level.
