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CoinGape

3 Reasons Why XRP Price Correction Heading to $0.4

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Summary
Nutrition label

65% Informative

XRP price faced another reversal from the multi-year trendline of the triangle pattern, signaling the next major support at $ 0.4 .

XRP Open Interest ( OI ) shows a Weighted Funding Rate of -0.0064 , signaling traders are paying to hold short positions.

A death crossover in 50-and-200-day Exponential moving averages could accelerate the bearish momentum.

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50

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40

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43

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formal

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English

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42

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short-lived

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