As we enter February, XRP faces some integration, while the price remains relatively stable in the past few days. This basic procedure occurs slightly less than the highest level of 3.40 dollars, which was reached on January 16. In order for XRP to be divided into new lands at all, this level must be violated.
Conducting a short -term price: side unification
currently, XRP suffers from a side unification period, She hovers slightly lower than a brand of $ 3.10. Although the price has not taken any significant upward moves recently, this may be simply a temporary stage before the potential collapse.
Long -term outlook: a possible fifth wave
Looking at the long -term graph, it appears that XRP in the midst of the fifth wave that can complete the bullish trend in the long run. Once this wave is completed, the market can suffer from correction or withdrawal. This withdrawal can range from a four smaller wave to larger and more important correction. Although the short -term look looks positive, the longest -term width indicates that after the completion of the fifth wave, there may be a significant decline.
The main price levels of viewing
- Short -term supportThe price was finding support on the main levels, especially on January 27, where the potential bottom was marked in the second wave.
- Short -term resistance: 3.40 dollars is still an important level of resistance. The break above this would aim to rise in prices, with $ 4.20, 5 dollars and $ 6.62 as the next potential upward levels.
However, if the price decreases below certain levels, this may indicate that the two largest waves still happen.
Possible risks: breaking less than $ 2.52
The market can still face setbacks, because breaking the highest level ever is not an easy task. If XRP decreases to less than $ 2.52, it may mean that a larger correction occurs. The step of less than $ 2.52 can indicate that Wave Four is still revealing as a greater correction, and the focus will be at the level of $ 1.96.
