Ripple in the sellers’ trap; Are the XRP price manipulation claims true?

Last week, the price of Ripple (XRP) has fallen by about 2.9 percent and has been traded below $ 1.5 in the last four days.

At the same time as the Ripple futures on the Chicago Stock Exchange (CME), there are concerns about price manipulation that are similar to the patterns that were seen after the start of Bitcoin and Ethereum futures.

Analysts warn that future contracts may become a tool for manipulation through the sale of non -back -up and rehypothecation.

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However, some experts see the contract as an important step towards institutional acceptance and possible launch of the Ripple Stock Exchange (ETF).

The Relative Power Index (RSI) Ripple is now at a level of 4.1, which has increased compared to two days ago (4.1), but decreased compared to yesterday (4.1). These changes can be a sign of the weakening of the uptrend.

In the Ichimoku diagram, the price is below the tannx (blue) and Kijunsen (red), and the Como cloud is red, indicating a downward pressure. Also, the Chico Spin line is lower than the price and the cloud, which confirms the descending analysis.

The Ripple’s animated average curves are also approaching each other, and there is a possibility of death intersection. If this pattern is formed, the price may be reduced to $ 1.5 and then $ 1.2 or even $ 1.2.

However, if the upward trend returns, the over -resistance of $ 1.5 could be a spark for rising prices by up to $ 1.5.