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$XRP price plummeted to $1.32 during Sunday’s 4-hour session, extending its recent corrective move.
Technical charts show that XRP is still under pressure on selling. The price action has been stipulating lower lows and lower highs. This trend is an indication that the bearish momentum will continue to prevail in the structure.
The Relative Strength Index of the 4-hour period rests at 36. This reading has kept XRP near the oversold area.
In the meantime, the MACD indicator stands at a negative value. These signal lines remain below the zero point. This arrangement is indicative of declining bullish action and persisting negative risk.
If XRP price reclaims $1.38, the next upside target sits at $1.45. A sustained breakout above that level could open the path toward $1.55. Conversely, failure to hold $1.30 may accelerate losses. In that scenario, traders will closely monitor the $1.25 and $1.200 support zones.
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