TL; D
- Ripple’s ability to defend price lower prices can be less critical support at a price of $ 2 is an appropriate entry signal.
- The narration is also supported by a famous technical index, which is just flashing a purchase signal.
Last week did not go well for the fourth largest encrypted currency, which decreased by more than 6 % in this time frame. On Thursday evening, it was a particularly painful trading period for assets, as Trump’s latest tariff pushed it to the lowest level in three weeks at $ 1.96.
This means that XRP has lost approximately 25 % of its value since March 19, when it reached its peak at $ 2.6 after the announcement of the CEO of Ripple, Brad Garlinghyus, that the lawsuit against the United States has already ended.
However, the unique symbol reaction across the border was well with the brief slide below the main support line at a price of $ 2 and wearing almost immediately. The past 12 hours or so are more promising as XRP is now trading at $ 2.1.
Famous encryption analyst Ali Martinez High The importance of support is 2 dollars several times in the past, warning that XRP can decline to $ 1.2 if it is cut off to the negative side. Now that you managed to defend the original, it can be another gathering fan.
Martinez proved his position by mentioning the TD sequence – a measure that shows the market exhaustion in either direction. According to the analyst, the technical indicator had a purchase signal on the daily after XRP kept more than $ 2, which may lead to a reflection of the direction and lead to upcoming gains.
$ Xrp The preparation can be for apostasy! Hold higher than $ 2 while TD serials flash signal! pic.twitter.com/lzbaqxvb2n
Ali (ali_charts) April 3, 2025
This prediction is a blatant contradiction with developments related to the role of ADA and Link, as whales began to empty large parts of each of the assets.
Good news for investors Ripple: Is XRP preparing for an apostasy? He first appeared on Cryptopotato.
