XRP continues to trade in a side style without any major changes in the direction of prices. In the larger time frame, the price exceeds the important support level of $ 2, but the momentum remains weak. The market appears to be in a decade, with limited guidance in recent days.
Experts watch xrp’s The price pattern is believed to pass through the correction. Initially, it looked like a triangular shape, but now it seems that it constitutes a more typical declining pattern called ABC correction, which may take more time to finish.
Important support and resistance levels
In the shortest time frame, there is some speculation that low may be formed on April 7, but there is not enough evidence to confirm this. The last movement is unclear and can simply be part of a temporary correction within a larger declining direction.
Support is seen between $ 1.74 and $ 2.30. As long as the price remains above $ 1.74, the possibility of a bullish reflection remains. However, merchants are looking for a strong step over $ 2.25 to confirm a new upward trend. This would indicate the start of the C-WAVE career, and may lead to its highest levels.
Until then, the market remains uncertain. XRP briefly erupted from the previous support level but began to recover. Although it is possible to have the bottom, there is still a chance, the price can decrease again before turning up, as it is seen to $ 2.30 as the next support if this happens.
Long -term expectations still include a potential gathering, with goals ranging from $ 5.00 and $ 6.60, but will not be focused only after the clear bottom is confirmed and the market shows a strong upward momentum.
