Of the leading Altcoins XRP The last 24 hours decreased by 2 percent in less than $ 2.60. Altcoin has lost all its earnings in the last seven days, while in this period, it depreciated over 8 percent. According to analysts, if the current support levels are preserved, wounds can be wrapped and a new upward trend may begin.
XRP Review: Is the correction completed?
Analysts XRP priceHe discusses the possibility that he might have reached the end of the decline process. However, after the harsh decline on February 3, the market experienced a recovery, but the price declined again. If this correction has been completed, the XRP can be expected to rise again.
In this scenario, the price is possible to rise up to $ 3.40. However, for this, the price of $ 2.47 should not fall below the support zone of $ 2.47 or $ 2.52. In these two cases, the expectation of rise may be invalid. These levels stand out as critical thresholds that determine the future aspect of XRP.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
XRP Price Analysis: Can the decline deepen?
According to an alternative scenario, XRP can still deepen the decline process by losing value. In this scenario, the existing price movements may be a sign of a deeper correction. In this situation altcoinThe price of the following can test the following support levels.
Accordingly, if XRP hangs below $ 2.52, the probability of the decline is strengthened. In this case, the price is likely to fall between $ 2,26 and $ 2.31. If it is more pessimistic, the levels of $ 2,22, 2,10 or even $ 1.95 can be tested. For this reason, investors need to closely follow these support levels and take positions accordingly.
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.
