$XRP is under heavy pressure on the 1h chart as the bearish trend intensifies. After a bruising start to February, the token has hit its lowest level in roughly 14 months.
Key Metrics & Technicals:
* Current Price: $1.5065
* Daily Performance: -1.78% today, continuing a steep monthly decline of -33.51%.
* Moving Averages: Trading well below EMA(7), EMA(25), and EMA(99), confirming a strong downward trend.
Critical Support: All eyes are on the $1.4934 - $1.5000 zone. A break below this could see a slide toward the $1.40 "Golden Pocket".
Despite the sell-off, some analysts see a potential "Wave 4" relief bounce if this $1.50 floor holds.
Cautious. While the RSI is approaching oversold territory, XRP needs to reclaim $1.60+ to signal any real recovery. Until then, bears remain in control.
XRPUSDT
Perp
1.3634
-1.17%