XRP Altcoin is looking for the ground for himself in a downward trend. The price, which fell below the important support zone between $ 2.50 and $ 2,10 last week, went down to the range of $ 1.95 – $ 1.92 with a harsh withdrawal. As predicted, the XRP found a temporary support at $ 1.92 and is in a slight recovery from this level. From now on, if the daily closing is less than $ 1,90, the price may further further decline towards the next important support zone to $ 1.80 – 1.79. The resistance to the rise is between 2,16 and $ 2.60. Analysts emphasize that a clear outlet of $ 2.16 will be the first sign of a downward trend, but the daily graph stresses that the general market structure is still downward and that the trend change is not yet confirmed, although small recovers are seen.
Possible scenarios for XRP price
The permanent fall of XRP below $ 1.79 will indicate that the price can enter a more risky area. In such a scenario, lower levels such as $ 1.56 and even $ 1.21 are expected to become targets.
On the other hand altcoinIt can signal the rise trend that may start earlier than expected to maintain the current resistance zone and especially with a clear five wavy rise formation. In this case, it is thought that a faster recovery process can be entered than previously predicted.
The current technical structure shows that the level of $ 1.90 is critical in the short term. Protection or loss of this level XRP Coinstands out as key factors that will determine the direction of the coming days.
Price range warning for XRP Coin from analysts
Experienced analyst CASİ TRADESHe warned investors that the XRP once again approached the lock support of $ 1,90. Casi Trades added that this kind of “jump-on-ard-dip” movements are often a common market behavior that emerged before the formation of a strong bottom level. The analyst underlined that nothing has been finalized yet, reminding that the XRP is still in a broad commercial range between $ 2.13 and $ 1.55.
$[mcrypto coin=”XRP” currency=”USD”] Altcoin XRP Analysis“This week is already full of tension in terms of world events and graphics. This next test should be followed carefully. If the reaction is strong, the analyst implies that investors should follow the current price movements closely.
Casi Trades’ analysis shows the importance of focusing on technical levels and awareness of the wider commercial range in the current uncertainty environment for market participants. The power of the reaction of $ 1.90 is seen as the main factor to determine the direction of the price in the coming period.
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.
