Ripple $2.5‘s XRP has lost more than 3 percent in the last 24 hours and fell to $ 2.40. Following the recovery on February 3, Altcoin, which moves horizontally, is now stuck between critical support and resistance levels. Inflation data to be announced this week XRP priceIt is among the important developments that may affect. In particular, the US Consumer Price Index (CPI) and Thursday, which will be announced on 16.302 today, will be announced on Thursday, the US manufacturer price index (PPI) data XRP investors should follow carefully.
Important support and resistance levels in XRP
XRPis currently testing critical support at $ 1.95. This level is an important barrier that prevents the price from falling further. If the price falls below this level, more slimming may be seen. The next support level is at the level of $ 1.75, and this level is considered a risky region where the bears can handle control.
In order to start a upward movement, the price must be permanent above $ 2.72. A closing above this level may increase the likelihood of breaking the small resistance zone between the $ 2,79 – $ 2,80. If this break occurs altcoin‘s is likely to test the highest value of all time at $ 3.40. However, the price can be expected to move horizontally unless these resistors are overcome.
Investors should pay attention to the threshold of 2.72
The market is currently breaking by exceeding certain levels in a waiting period and in order to clarify the direction. For a possible upward movement, the resistance area above $ 2.72 must be crossed. Otherwise, the XRP may continue to fluctuate in the narrow band. However, important inflation data to be announced this week may increase the volatility in XRP and the market.
Experts are advised to be careful about investors and focus on long -term strategies. In a possible decrease scenario, the determination of stop-loss orders may reduce the risk of determination. In the upward movements, the $ 2.80 level can offer short -term earnings opportunities.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
