The XRP price pays gains from Sunday Rallly, the important support level can be the specified factor
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He recovered the price of XRP and lost the gains it recorded from Sunday after Trump announced that the encryption will be included in Crypto strategic reserve. After this price correction, Crypto Analyst Trade City has major support levels that can determine the future XRP path.
Important support levels for the XRP price
in Tradingvief PostTrade City 3.06717 highlighted $ 1.67220 as decisive support levels for the XRP price on the weekly time frame. During the weekly graph analysis, the analyst noted that after the bounce along Al -Soudi direction lineXRP confirmed its outbreak over $ 0.73056, which sparked the main bullish leg, as it sent the encryption to $ 3.06717.
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Watching with this, Trade City noticed that 3.06717 dollars is the highest level (ATH) and the main show area. He added that the next upward leg can start soon enough if the XRP price can keep this level. Meanwhile, in the case of price correction, the analyst stated that the only mainly viable main support in the weekly time frame is $ 1.67220.
The commercial city revealed that Relative power index (RSI) The oscillator has come out and returned to the normal levels. He emphasized that the XRP price is more likely if RSI returns to excessive circumstances.
Daily time frame analysis
Trade City went further to give an in -depth XRP analysis on the daily time frame. He stated that the first main note on the daily time frame of the XRP price is strong The declining difference on RSIWhich formed with the price transfer side in the range between 2.02967 dollars and $ 3.30467.
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The encryption analyst has revealed that the operator of this declining difference is a break less than $ 2.02967, which has not yet occurred. The analyst has warned that the rest less than this support can happen soon due to a decrease in trading volume. If this range erupted down and lost the support level at $ 2.02967 Main Fibonacci levels Like 0.382, 0.5, and 0.618.
The analyst pointed out that these three Fibonacci levels are strong support areas, which may prevent further sale. Meanwhile, on the upper side, if the price of XRP is broken to the upward trend of its current scope, the analyst confirmed that the new upper upward leg will start, which pushes the encryption towards higher goals. The associated graph showed that the XRP price can exceed 4 dollars, which represents a new ath for encryption.
At the time of this report, the XRP price is traded by about $ 2.32, a decrease of more than 12 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Adobe Stock, Chart from TradingView.com
