Experts explained! Here is the biggest obstacle in front of XRP

Following a horizontal course in recent weeks XRPcontinues to attract the attention of investors. While Altcoin has critical support at $ 2,30, analysts draw attention to the mobility that can be experienced in the coming days. Despite the general recession in the market, technical indicators for XRP, which maintains the rise trend, draw an unstable picture. In the coming weeks, experts evaluate the factors that give signals of both a hard output and the decline.

Critical support and resistance levels in the XRP graph

XRP’s price movement in recent weeks has increased uncertainty for investors. Altcoin In parallel with the decline tendency in the market, it fell to $ 2.30. This region stands out as a critical support for a long time in technical analysis. However, if daily candles are closed below this level, the XRP may fall up to the $ 2,10-2,15 band.

On the other hand, the general trend of XRP is still upward. The fact that the price creates a “higher bottom” and “higher peak ında in recent months supports this trend. However, in the short term, the resistance level of $ 2.44 and the $ 2,55-2.62 range are seen as important obstacles to be overcome for rise. If permanence is provided above these levels, new peak trials may come up.

Possible scenarios for Altcoin

Analysts’ radar is likely to have a “reverse head and shoulder” formation for XRP. In order to complete this formation, Altcoin must first decrease to $ 2,10-2,15, and then to rise with a rapid recovery. If such a scenario occurs, XRP may target 3 dollars and over. However, the experts warned that it is early, “the decisive levels for the validity of the formation must be exceeded.” commenting.

Another scenario is based on five wavy decline structure. Accordingly, XRP may have been moving in a wave of correction since the last summit. In this case, if the return of micro resistors between the $ 2,35-2.44 range, the probability of the price to go to the support test will increase. Analysts especially Bitcoin $109,325.32He emphasizes that the general market performance of (BTC) will be decisive on XRP.