XRP Falls Below $2 as Mutuum Finance (MUTM) Presale Nears Sell‑Out at $0.035
XRP has shown increasing technical weakness: price slipped below the $2 support after multiple failed retests, with 50/100/200-day moving averages trending down and negative MACD readings. Short-term momentum indicators (Supertrend, Chaikin Money Flow) and rising sell pressure signal bearish bias; a decisive break below $2.00 would open targets near $1.85–$1.63 (key Fibonacci support). Conversely, a clean breakout above the $2.12–$2.30 band is needed to resume the range-top targets. Traders should watch for clear breakout/breakdown around $2.00–$2.30 and manage risk accordingly. Meanwhile, DeFi token Mutuum Finance (MUTM) is nearing a sell‑out in its presale Phase 6 at $0.035 — reports show roughly $19–19.5 million raised and ~18.4–18.5k registrants/holders; Phase 6 is ~98–99% filled with Phase 7 planned at $0.04 and a targeted listing price of $0.06. Mutuum promotes dual lending (pool-based and P2P) plus an over‑collateralized USD‑pegged stablecoin and tokenomics designed to incentivize protocol use and daily rewards. For traders: XRP’s growing bearish momentum suggests downside risk and requires tightened stops or reduced directional exposure until a clear reversal; MUTM’s near-sellout presale and large step-up between phases increase the likelihood of short-term volatility, FOMO-driven inflows, and significant listing-time price swings — standard presale and listing risks apply. Due diligence and position sizing are advised before participating.
Bearish
The combined reports point to a net bearish outlook for XRP. Technical indicators across both summaries — falling 50/100/200-day moving averages, negative MACD, bearish Supertrend and Chaikin Money Flow readings, and repeated failure to hold above $2 — indicate growing downside momentum. Both articles highlight that a break below $2.00 would expose lower targets in the $1.85–$1.63 area, while only a clear breakout above $2.12–$2.30 would invalidate the bearish case. For traders this implies elevated short-term downside risk, higher probability of stop runs and increased volatility; prudent risk measures (smaller position sizes, tighter stops, hedges) are warranted until structure proves bullish again. The MUTM presale news does not alter XRP’s technicals but introduces potential market noise: a near-sellout presale and large phase-to-phase price jumps can attract retail FOMO and capital rotation into speculative tokens, which may briefly reduce selling pressure on major altcoins or amplify intraday volatility, but this is independent of XRP’s bearish technical setup. Overall, the immediate price impact on XRP is likely negative (bearish) given the weight of confirmed technical deterioration and no offsetting fundamental catalyst in the summaries.