[Analysis] "XRP, short-term additional correction expected… rebound if buying pressure flows in at 2.45~2.55 dollars"

Suehyeon Lee

Summary

Cointelegraph reported that XRP (XRP) is expected to see additional short-term adjustment.
It stated that the current price could fall to the 2.65~2.45 dollar range and that buying pressure is concentrated in the 2.45~2.55 dollar range.
It forecasted that if buying pressure strongly flows in at the 2.45~2.55 dollar range, there is a possibility of a rebound.

XRP (XRP) is expected to undergo additional short-term adjustment, and the inflow of buying pressure at 2.45~2.55 dollars is likely to be important going forward.

On the 27th (local time), Cointelegraph suggested the possibility of further adjustment, saying, "XRP is currently holding near the 2.75 dollar support line, but if selling pressure continues, the price could be pushed down to the 2.65~2.45 dollar range."

The Glassnode Unrealized Price Distribution (URPD) cited by Cointelegraph shows that buying pressure is concentrated between 2.45~2.55 dollars. The analysis is that many holders' average purchase prices are formed in this range.

The outlet forecasted, "The possibility of additional short-term adjustment is open, but if buying pressure strongly defends the 2.45~2.55 dollar range, it could shift into a rebound phase."

XRP