The price of XRP is at risk of breaking up by 20 % to $ 1.55 if this level fails to keep it
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XRP fell again In important supportFor which he puts in light of the bounce up or at the risk of a 20 % collapse. According to the technical analyst Casitrades, it was expected to be the last decline for weeks, and the accuracy that XRP did not touch a $ 2.01 region that added weight to its importance. The analyst pointed out that the leakage of the uniform of the identical triangle was clean and technical, and the level of $ 2.01 so far It was a level of Return up.
The technical preparation says that the danger zone is less than $ 2.00 is still active
Xrp The price movement in the past few days It was characterized by tension below. XRP lost the price level of $ 2.13 during the weekend before it ultimately sneaked into a collapse of less than $ 2 in the past 24 hours. In particular, XRP was shattered down at $ 1.92 before recovering more than $ 2, at least when this report was written.
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As is the case, XRP is now trading at $ 2.01, which is the price level of utmost importance to price procedures in the coming days. According to To a technical analysis posted on Crypto Analystrades, 2.01 dollars is important for XRP, as it coincides with the main FIB support level 0.618.
Support of this opinion is a clear upward difference that is formed on both the relative strength index for 15 minutes and 1 hour (RSI), as shown in the price scheme below. However, the analyst was quick to warn that confirmation still lacks the high time frames for 4 hours and daily. Without these assurancesThe apostasy can be not present, and XRP may be suspended with a power of less than $ 2.
XRP is currently at risk unless the buyers are able to pay its price to higher confirmation areas, specifically in the range of $ 3.00. According to Casitrades, if any bounce at $ 2.01 to continue, XRP You can go to The next supports it at $ 1.90 and then $ 1.55. The latter represents a 23 % rough decrease from the current levels, which is a scenario that will nullify the rusty RSI difference on smaller time frames.
Geopolitical tensions that cause xrp fluctuation
The timing of the sharp decline of XRP coincided during the weekend with reports of geopolitical turmoil, especially the Iranian bombing reported by the United States. This event caused widespread volatility in the encryption market, which was opened during the weekend.
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Although the decline appears to be temporarily stopping in the last trading hours, it is not yet eligible to wear. XRP price is currently fragile, and Without a reaction from buyers Or emphasize the higher time frames, the structure is declining. The sale of pressure from new geopolitical tensions or algorithm movements may lead to a deeper decrease during the new week, especially if it fails 2.00 dollars. In this case, the XRP can be on the right track to re -test the support of $ 1.90 and until it collapses about $ 1.55 before the end of the week.
At the time of this report, XRP is trading at $ 2.01, a decrease of 2.6 % over the past 24 hours.
Distinctive photo from Pexels, Chart from TradingView.com
