Jakarta, Pintu News – The price movement of Ripple (XRP) in the cryptocurrency market is showing short-term selling pressure after failing to hold above several significant levels. This trend is important to be understood by novice investors as well as those who are studying crypto technical dynamics objectively.
The price of Ripple (XRP) was noted to start a decline after failing to maintain a level above USD 1.80 or around IDR 30,218 at an exchange rate of 1 USD = IDR 16,788. This failure reflects that selling pressure is stronger in the short-term period.
The decline continued when the price dropped below USD 1.72 and USD 1.65, signaling that the bullish momentum is starting to weaken. This indicates that the crypto market is now entering a consolidation phase before determining its next direction.
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After the initial drop, the XRP price briefly traded below USD 1.60 (approx. IDR 26,861), where the level also became a new technical resistance point. Trading below this level reinforced the market’s downward bias.
Technical indicators such as the 100-hour Simple Moving Average (SMA) show the price is below the short-term trend line, signaling the bearish bias is still dominant on the intraday charts.
The next important short-term support level is around USD 1.50 or around IDR 25,182. This level is important as it is the point where selling pressure is likely to soften and buyers may reappear.
If the price closes below USD 1.50 consistently in the short term, the chances of a further decline increase. Conversely, if the price can rebound from this area, the downward momentum could be temporarily contained.
Major resistance is seen close to USD 1.65 or approximately €27,700. For the crypto market at large, the ability of the XRP price to re-break this level would be an indication of short-term bullish strength.
However, as long as the price remains below this level, the technical structure still shows a downward bias. A breakout above the resistance level could open up opportunities for a price correction higher.
For both novice investors and those who are learning technical charts, this XRP price drop pattern shows the importance of paying attention to support and resistance levels. Movement below some key levels could be a signal to be cautious or wait for trend confirmation.
Consolidating market conditions do not mean long-term bearishness, but reflect that the crypto market fluctuates and requires careful risk planning. Understanding key price zones can help manage your expectations and investment strategy.
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