The risk of XRP price is less than two dollars with the continued correction, which is why this
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The latest XRP price procedure showed a small sign of strength because the encryption is now Fight the continuous declining pressure. Since the start of the correction phase on May 12, XRP has published lower levels in a row on the daily time frame, and has decreased beyond its peak of $ 2.65. This continuous decline comes after a gathering that started last month, which witnessed the recovery of the XRP price of $ 1.80 in early April.
However, the momentum that led this momentum has now been crossed through a clear wave of red candles, Technical analysis suggests The price of XRP can disrupt less than two dollars again in the coming days to the lowest level in April.
Masteranda flags risk more from the negative XRP
accident Technical update his participation Masteranda analyst in TradingView enhances short -term landmarks. The joint chart shows along with the analysis that XRP has turned from an ascending channel, with a daily consecutive closure of the lower direction line.
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These three consecutive red days refused to prepare Return up on the lower direction line. Although XRP is still trading over $ 2 at the present time, the more it continues to trade without a $ 2.30 region, the greater the possibility of a more severe decrease.
In his analysis on TradingView, the Masteranda analyst admits that XRP may appear due to a recovery, but the basic signals tell a different story. “It seems that Xrpusdt can recover any minute now, but the correction may not end,” the analyst pointed out.
Interestingly, despite the constant decrease, the landing volume was very low. This indicates that the sale may not be particularly strong, but also not stabbed. This low -size withdrawal indicates that the market is drifting due to buyers ’deficiency rather than intensive sale pressure. However, the analyst noted that XRP did not reach a strong support level.
XRP Bullish in the long run, but it can be disrupted less than $ 2
Although the short -term graph draws a disturbing image, Masteranda is confident in XRP’s The long -term bullish path. However, the levels of reformulation of the Fibonacci Fibonache on the graph show that the price has already decreased through the area of 0.382 and hovering near the 0.236 line at $ 2.035. Below, the minimum near $ 1.75 is the decisive area that must be seen, which is compatible with the expected support area of the analyst.
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If XRP fails to seize $ 2.00, it may slip towards this higher depression. The red arrow on the diagram of the daily candle timer shows the course of this decline. As such, XRP merchants should prepare for the possibility of a strong negative side unless a strong reflection occurs before the encryption collapsed to less than $ 2.
Dandelled XRP feelings are gradually condensed. If this correction continues without deterrent, re -testing 1.70 dollars may come to $ 1.80 in a closer time than expected. At the time of writing this report, XRP is trading at $ 2.13, a decrease of 3.85 % over the past 24 hours and 8.9 % in the past seven days.
Distinctive image from Getty Images, Chart from TradingView.com
