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MADWHALE encryption analyst The possibility of the XRP price to suffer from a lower collapse than the decisive support level of $ 2. The analyst also revealed the following main support if XRP is down from this support.
The price of XRP may decrease to $ 1.90 if you lose $ 2 support
in Tradingvief PostMadwhale expects that the price of XRP can decrease to the main support at $ 1.90 if the psychological level is lost $ 2. He pointed out that XRP showed classic TRIPLE-TOP formationWith each consecutive peak shows the weakest momentum. Watching with this, the analyst confirmed that the break under the threshold of 42 appears to be imminent because XRP is close to a huge resistance area.
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Madwhale also stated that the descending step is expected to extend to at least $ 1.9, which represents a decrease of 18 %. The analyst added that this low prices are in line with the primary goal and the main daily support level. The encryption analyst Ali Martinez He also suggested that XRP could decrease to $ 1.2 if you lose support $ 2.
The analyst revealed that the price of XRP was a pattern of the head and shoulder on the weekly graph, which puts the support level of $ 2 in the spotlight. His accompanying scheme showed that encryption can decrease to $ 1.2 if it collapses less than $ 2. However, despite this landfill, other encryption analyzes, such as Egrag CryptoIt highlighted some positive aspects of the XRP price.
Egrag Crypto stated that the XRP price dominance was showing enormous force and expected that if it was successfully closed over FIB 0.5, it may soon gather to the FIB 0.888 level. Dark Defender expected that XRP can gather to the highest new level (ATH) if it continues to obtain decisive support levels at $ 2.04 and $ 2.22.
Altcoin is still waiting for
Casitrades I mentioned that the price of XRP carries strong but is still waiting. She added that the upscale structure is still intact, as Altcoin maintains more than $ 2.26, which is a modified support. 382 key. The analyst pointed out that the price of XRP spent some time stirring monotheism for its support, indicating that the markets are established for the next movement.
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The encryption analyst revealed the resistance levels of $ 2.70, $ 3.05 and the level of support of $ 2.25 as a major level of viewing. She noted that the price of XRP needs a heart of $ 2.70 and $ 3.05 to become a support for confirmation The next wave. Meanwhile, Casitrades suggested that XRP risks a decline to less than $ 1.54 if you lose the lowest support at $ 1.90.
The encryption analyst also stated that the price needs a fracture above $ 3.40, the current ATH, to confirm a new direction. Until then, waiting for confirmation signs may not be, which it claimed may not be clear even wave 3 in the market cycle. Casitrades confirmed that the main FIB levels have been breached, and the market is on the brink of penetration.
At the time of this report, the XRP price is traded by about $ 2.29, a decrease of more than 2 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Medium, Chart from TradingView.com
