Critics, who properly predicted the collapse of XRP to $ 2.5, says the demand area will raise it
The XRP price path has been up and down in the past two weeks. In particular, the large part of the past seven days has been marked by a noticeable decrease from $ 2.8 to $ 2.5 before recovery at this level.
Interestingly, this autumn was highlighted about $ 2.5 by an encryption analyst on the TradingView platform, which also noticed the possibilities of penetration. The encryption analyst has previously set the level of $ 2.5 as a major value -value gap (FVG) that can act as strong support and modern price movements indicate that buyers are now interfering after reaching this level.
XRP tests the fair value gap at $ 2.50
Tehthomas analysis The most prominent of 2.50 dollars as A large liquidity area where XRP can create support before continuing the upward trend. This level was a balance of price movement during this session and often caused a reaction as traders intervened to fill the gap. At the time of the analysis, XRP was traded at $ 2.64, but the analyst indicated that the cryptocurrency can continue to decrease until it reaches $ 2.5 and bounce up.
Over the past two days, XRP has moved in line with this projection. The cryptocurrency was recovered from $ 2.64, reaching $ 2.47 before showing a rapid recovery. The rapid bounce of this region indicates that the purchase orders were focused at this level, as the bulls who expected a reaction here interfered.
Now that he played decline and apostasy as expected, focus now on how XRP behaves in the next few days. After testing and respecting the 2.5 dollar support area, the next question is whether the bulls can build on this momentum and pay up.
The order area to send altcoin height
With a fair value gap that shows signs of work as strong support, the Tehthomas encryption analyst that the next critical step for XRP breaks over the descending resistance trend line. The collapse point for this descending resistance line is about $ 2.65, the path is between $ 2.5 and $ 2.6 is the demand area to open long jobs. However, there is also the possibility of re -testing the descending resistance direction line after the outbreak. If the XRP price can successfully re -test and stick to it over the direction line, it will provide an affirmation of the bullish momentum of the upper move.
If this scenario is run, the next goal for XRP sits at $ 3.00, which is another gap in the main fair value. Tehthomas notes that restoring this level can Directing extended gatheringsWith more upscale trend exceeding $ 3, depending on market conditions.
At the time of writing this report, XRP is traded at $ 2.55.
