The cryptocurrency market is still volatile, and XRP shows signs of weakness despite climbing recently over the downward trend line that crowned every mass rally since February. After declining under the main resistance levels, analysts now warn that XRP may be at risk of a deeper decline in the upcoming sessions.
At the time of writing this report, XRP struggles for support about $ 2.10, after decreasing to $ 2.03. Castrades analyst warns While briefly regained XRP penetration, this step can be a wrong break. She added that if the open attention begins to rise without moving a meaningful price, especially if it crosses 0.02 % or higher – it may indicate a high possibility to sweep the liquidity to the negative side.
“If we fail to get $ 2.25, it puts $ 2.01, $ 1.90, and up to $ 1.55 in play,” she explained. Surrendering moves towards these low levels, while painful in the short term, can generate the exact momentum that XRP needs to be free from its multi -year range. Casitrades said that such a shake can pave the way for a strong penetration 3 in the coming weeks.
Technical indicators support the short term expectations. RSI and Stochastic indicators on daily graphs and 4 hours appear in excessive conditions, hinting that the sale of the sale continues before a possible recovery. The market is currently watching a region between $ 1.95 to $ 1.88 closely to stability marks.
In addition to uncertainty, the XRP price procedure remains closely related to Bitcoin and Ethereum. Since both the main cryptocurrencies are trading in narrow ranges and showing signs of a possible withdrawal, altcoins like XRP likely reflects this behavior.
Although short -term risks remain high, some analysts remain positive about medium -term XRP prospects. If the market is able to get rid of the current landmarks, XRP can recover about 2.25 – 2.35 dollars at first, with more ambitious targets of $ 3 by the end of July if the bullish momentum is built.
