Ripple’s XRP has currently decreased by more than one percent and is traded at $ 2.78. To confirm the penetration, XRP needs to break the highest level in the tower of $ 2.80, reached on February 4. Until you see a certain outbreak, the market can still face resistance.
Resistance levels are higher than the current price
On the smaller time frames, The price fluctuates near a different support area, closer to the current price level. If XRP collapses more than $ 2.80, the next resistance levels are at $ 2.96 and $ 3.30. This is very important because if the gathering is correct, the analyst does not expect to exceed the previous high. If the price exceeds $ 3.30, the market may need to re -evaluate whether the withdrawal has already been completed and whether the market is ready to pay higher.
Possible withdrawal
If the price decreases to the support area, this may save an opportunity for declining traders to enter the market. However, if the price broke out directly, attention will turn to the resistance area, with $ 3.40 as a critical monitoring level.
XRP potential goals
For an upper scenario, the price needs to be separated from the highest level in January $ 3.40. If this happens, XRP can move about $ 4.20, $ 5, or even 6.60 dollars, which complements a five -wave pattern to the upward trend. After that, a large correction can be followed. Another one will be perfect, but the market may take time to confirm it.
There is great resistance in the future, and it is important to remain careful. There is no certain outbreak yet, and although the price may collapse higher, it is likely that a decline in the support area will occur before any new levels.
