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The price of XRP will not decrease to less than $ 2, which is the reason

The encryption prices decreased today due to the high tensions in the Middle East. XRP decreased to $ 2.16, while Cardano (ADA) and Solana (Sol) decreased over 1 %. ETHEREUM (ETH) also decreased by 0.7 %, giving up her recent gains.

XRP is trading around $ 2.159, a decrease of 0.3 % today, after failing to stick to the resistance area of ​​$ 2.30. After a march to $ 2.35, sellers regained control, and the price again paid about $ 2.11.

Earlier, XRP rose above $ 2.40, exciting merchants and hopes for collapse. But the gathering did not last. The price fell near $ 2.15, and what appeared as if it was a bullish outbreak into a fake. The high height of whale activity, SEC settlement hopes, and a strong feeling, but momentum faded soon.

XRP stuck in a narrow range, will you reconsider the lower levels?

Now, XRP stuck in a narrow range of $ 2.00 and $ 2.50. Analysts say the collapse of more than $ 2.50 can target $ 3.50, but if the price decreases, it may decrease to $ 1.85 or even less. Technical indicators such as MACD show the pressure pressure. XRP creates a similar triangle, which often precedes a big step, up or down.

To restore momentum, XRP must restore $ 2.206 and penetrate the resistance between $ 2.18 – $ 2.21. A successful payment over $ 2.236 can open the road to $ 2.35 and beyond. But if you slip less than $ 2.113, XRP can reconsider support levels at $ 2.02, $ 1.92, and up to $ 1.83.

Last month, XRP trading between $ 2.05 and $ 2.40. Many analysts say the current setting is similar to the price for 2017, which led to a massive outbreak of its highest levels.

XRP 2017 Repeated?

XRP has been combined between $ 1.90 and $ 2.90 for about 200 days. Analysts like to see similarities with a 2017 triangle style that has a mobilization of 1300 %. With the tallest unification of this time, a similar rise in the $ 0.63 collapse area can lead to XRP to 8 dollars – $ 10.

Dark Defender analyst believes that XRP is close to a decisive outbreak. Patterns such as a cup formation, weighting pressure, and Fibonacci levels alignment. Tightening moving averages also indicates that a big step is coming. His short -term goals are $ 2.22 and $ 3.61, with support at $ 2.07.

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