XRP price He approached a critical threshold. Although the popular Altcoin rise signals, which managed to stay above $ 2.25 support, it does not exceed the $ 2,69 resistance point. While the low -volume increases in recent days are forcing investor confidence, the direction of a possible break is not yet clear. According to technical analysis experts, XRP will either turn to a new summit or face a decrease of up to 30 percent.
If the resistance of $ 2.69 is not exceeded, the decline is at the door
Crypto currency analyst CasitradesHe stressed that the XRP has regained $ 2.25 with a reaction from $ 1.90, and that it is critical to hold here. However, the fact that the price still cannot make a new summit indicates that the upward trend is not confirmed. The expert states that the $ 2,69 level is a key threshold and that the XRP may gain momentum if this level is broken.
$[mcrypto coin=”XRP” currency=”USD”] XRPThe XRP, although it rose to $ 2.65 on May 12, faced harsh sales. The same table was repeated on May 14, and the price was withdrawn by 8.85 percent in three days. This shows that the market is currently not ready for a fracture. If this resistance zone cannot be broken once again, it is possible that investors will panic and the price will fall to $ 1.50.
XRP is consolidated: Is it ascension or a hard drop?
According to experts XRP is currently Elliott Wave TheoryAccording to the 4th wave consolidation process. This stage usually passes horizontally and indicates that the market is in search of direction. Low volatility and narrow price range can be interpreted as pre -movement. If the price is permanent over $ 2,375, this can strengthen the expectations of rise.
However, if the price is below $ 2,375, the probability of testing $ 2.25 will be on the agenda. Breaking this level may also cause investors to lose their last hope and increase sales pressure. Although it seems that the subcontinent seems to be in balance at $ 2.39, this balance may not be maintained for a long time.
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 carry out their operations in line with their own research.
