XRP price Despite short -term recovery signs, it moves in the shadow of long -term pressure. Although the strong demand zone in the $ 2,10 – $ 2.15 band slows down the last wave of sales, there are critical obstacles to be overcome for the approval of the rise. If the range of $ 2,30 – 2.34 cannot be exceeded, sales pressure can re -accelerate. Otherwise, breakage of $ 2.44 and then $ 2.56 to $ 2.62 may completely change the appearance. Analysts believe that the bulls are still advantageous in the big picture unless they go below the $ 1,21 – $ 1.55 band.
Critical levels to be considered in the short term
2,10 – $ 2,15 dollars has been prominent with the support of strong buyer for the last few days. If the price is withdrawn from $ 2,30 – 2.34 dollars in the daily graph shoulder head shoulder A similar negative formation may occur and the price may hang below $ 2. In such a scenario, investors will watch whether $ 1,55 is defended.
$[mcrypto coin=”XRP” currency=”USD”] XRP Coin Analysis CommentOn the other hand, closes over $ 2.34 will confirm the short -term rise and the receiving appetite may increase rapidly if exceeded $ 2.44. 2.56 – 2.62 dollars of the band stands out as the last threshold to show whether the rise will be permanent.
Long -term view and possibilities in XRP
According to Elliott wave analysis XRP Coin It still maintains its fifth wave potential. In order to be real, the price must first attack new summits and provide permanence over 2.62 dollars. If this happens, analysts talk about an acceleration that may last up to the target of $ 5.65. The technical model shows that market psychology sells weak hands and paves the way for strong purchases.
In the opposite scenario, the price going below the $ 1,21 – $ 1.55 zone, the correction deepens and the long -term structure will be deteriorated. Under this threshold, it will be critical for investors to update the risk management. Nevertheless, as long as the existing support zones are preserved, the upward scenario for the XRP is on the table.
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.
