XRP Faces Continued Selling Pressure Below Key Levels
- XRP has slipped below $1.90, trading around $1.89 according to Binance data.
- The price remains approximately 25% below the long-term trend reference of the 200-day moving average at $2.54.
- Risk-adjusted metrics show a low Sharpe Ratio of just 0.034, indicating minimal compensation for risk over the past month.
- The Sharpe Z-Score is positive at approximately 0.70, but still below levels for significant trend formation.
- XRP remains below all major moving averages, including the downward-trending 50-day, reinforcing a bearish structure.
XRP’s current trading position reflects ongoing structural weakness as it struggles to reclaim key moving averages that typically signal bullish phases when surpassed and held above consistently.
Despite some easing in selling pressure, XRP’s inability to break above significant resistance levels suggests continued consolidation rather than recovery into an uptrend phase (Source)
