The XRP continues to attract attention by holding an important support level in the range of $ 1,21 and $ 1.55. According to the technical analysis, this region is vital for the preservation of the rising structure. Analysts believe that if the XRP continues to stay on this region, it will make a strong upward breakthrough.
Important thresholds in XRP Coin
According to analysts, the retreat of XRP price in recent weeks is part of a correction movement. In particular, according to Elliott Wave Theory, this movement is thought to correspond to the “fourth wave”. If this formation is completed, the XRP is expected to switch to the fifth wave, which seems to be possible to rise to $ 5.65 or even up to $ 6.60 in this scenario.
In order for XRP to maintain this rise expectation, the price should not hang below $ 1.21. If this level is lost, the possibility of a deeper decrease may be raised. Analysts say that in such a case, the $ 0.88 to 0.61 band can be re -tested. However, it is particularly emphasized that the structure and investor sensitivity throughout the market do not support such a deep correction. There is still hope for long -term investors, and the next days will be decisive for the price to recover.
On the other hand, one of the most important levels to be followed in the short term is $ 1.82. Protection of this support can prepare the ground for the price to start a new wave of rise by exceeding $ 2.13 before the price. In this case, as a short -term target, the level of $ 2.46 will come up.
“Last Consolidation” Comments Gain strength
Crypto currency analyst Dark DefenderHe argued that the existing horizontal movement for XRP was “last consolidation .. According to him, the structures formed in the graph in the monthly time period show that a break is very close. Analyst said that the rise can gain acceleration, especially when resistance zones of $ 2,22 and $ 2.30.
Dark Defender believes that if the price breaks these resistance thresholds, it can climb to $ 3.75 and then to $ 5.85. For investors, these levels are among the long -awaited targets.
For now, the XRP is stuck in a very narrow price range. However, technical signals and market psychology in the graphs indicate that a new wave of rise may be at the door.
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.
