The price of XRP confirms the preparation of the bullish reflection with this demand area
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A new technical analysis reveals that XRP price He just confirmed the creation of a bullish reflection on the graph for one hour, after a strong recovery from the critical demand area. This development raised the expectations a A possible gathering in the short termThe encryption analyst also expects higher goals in the upcoming sessions.
XRP, reflection price, ascending on the horizon
“Frankfx14”, a TradingView Crypto, open The price of XRP has found a strong foot between $ 2.31246 and $ 2.37028. The analyst also defined this range as a historical A large request area As the previous purchase pressure has constantly decreased the decrease in prices.
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With the decrease in the price of XRP in this demand area on May 17, bulls entered, defended the lower boundaries and operating a Acute rejection. According to the analyst, the confirmation of a multi -board candle – a widely recognized signal for capabilities Reflection direction.
Trading at a price of about $ 2.378 at the time of the scheme analysis, the XRP now keeps the upper part of this main demand area, indicating the renewal of the purchase interest. Tradingview analyst suggested that as long as the price remains above $ 2.37028, XRP ups It is still intact.
According to TradingView expert, the presence of the XRP reversal is supported by XRP before Luxella supply And the visual domain indicator. With the collapse of the XRP movement from the prices up from Her local bottomThe analyst indicates $ 2.4939 as a key level next to see it. This price represents the average level of the previous supply area and a possible resistance area.
The next bullish goal for XRP is $ 2.6031. The analyst described this point as a The main supply area Where the sellers had previously gained control. These price areas are now the primary targets of the short -term traders for potential upwards.
Frankfx14 urged merchants to wait for more confirmation, with a highlight of this strong Trading The candle closes above the level of $ 2.375, the verification key will be verified XRP continued ascending.
The analyst predicts the huge gathering for altcoin
XRP has officially broke in the long run Sufficler fall patternThis caused optimism, with analysts such as Crypto AVI Faith The Mega collection can be on the horizon. According to his planned analysis, the distinctive symbol is now preparing for the mid -term height, and it is targeted New levels in all ages About $ 4.90.
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Currently trading at $ 2.29, the increase in this upward goal may be a significant increase of 114 % in Altcoin. The graph shows that the cryptocurrency has been detained in a declining channel since late 2024, Unification in style Apparently recognized as bullish.
XRP is currently testing the level of falling outfit, which may now work as support. A continuous step above this level can confirm the upcoming analyst’s thesis, which paves the way for a possible climb about $ 4.90.
Distinctive image from Getty Images, Chart from TradingView.com
