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Despite the recovery of its lowest level in follow -up The last heightCheckle analyst expects that the price of XRP may undergo an additional decrease in its price to $ 1.5. The analyst selects a critical resistance level that XRP will need to keep it for fear It crashes to its lowest level And take away the recent gains.
The analyst expects a decrease in the price of XRP to $ 1.5
Madwhale has a Crypto TradingView analyst subscriber A new price analysis focuses on the future price capabilities of XRP. The analyst confirmed his record in the encoded currency trends, which confirms that he accurately defined all the goals of the earning.
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Madwhale expects that XRP price can be disrupted Less than $ 1.9 to $ 1.5. The analyst has revealed that XRP is currently in the landmark and is doing lower levels and lower lower levels, which indicates a Dumping structure. According to its price scheme, the cryptocurrency is also traded within a convergence channel and rapidly approaching the main resistance level.
The critical resistance point has been marked at the $ 2 sign as a Psychological level The sellers are likely to appear and perform more downward pressure on the encrypted currency. If he rejected this $ 2.00 resistance levelMadwhale highlights that the next support area and the goal of the negative side will be about $ 1.90, which represents a decrease in value of 17.62 %.
If the resistance level completely fails and the support level decreases $ 1.90, the Crypto TradingView analyst expects another specialty A collapse in the price of XRP. It is expected that the cryptocurrency can suffer from a 35 % deeper decrease, and may decrease to the next main support level at $ 1.5. This goal is in line with the lower boundaries of Comic Where XRP is currently residing.
Madwhale has revealed that the decline to $ 1.5 can be a pivotal point Prices installation, Hint at A possible reflection In the encrypted currency as soon as the pressure fades. The analyst’s price plan also shows that XRP recently tested the upper limits of the descending channel, but faced a rejection near the resistance.
The main daily resistance area of the XRP price is placed on the graph, indicating that 2.6 dollars is where the pressure pressure may occur. As of the writing of these lines, XRP is traded at $ 2.8, which is already much higher than the daily resistance area in Madwhale.
Trump’s encryption reserve leads to an increase in the main XRP prices
After suffering a major price collapse over the past few weeks, XRP price It seems to recover at an anxious pace. Only one day, she saw the cryptocurrency a Increase the price of two numbers, Successfully reverse the previous lower direction.
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Analysts they have Attributed This unexpected sharp increase in the United States (United States) The coding reserve plan announced by Donald Trump. The US President had included XRP in his plans for the encryption reserve, which aims to enhance the country’s debt strategy and the hegemony of encryption. With the spread of this strategic plan, the XRP price saw a 24.5 % increase, which greatly paid a higher value than the $ 2.5 threshold again.
Distinctive image from Istock, Chart from TradingView.com
