The encryption market is seen with breathing full of shape, as XRP swings at $ 1.97, which is the battlefield where the bullish condemnation collides with a declining determination. After retracting the last high levels, digital assets now face a decisive test.
The current confrontation reflects the tightening of the broader cord in the encryption markets, where the feelings quickly turn and dictate the main price levels the next main step. For XRP, $ 1.97 is not just another number; It is a line in the sand. The decisive waiting here may ignite the bullish momentum, while the collapse may encourage the bears.
Market feeling: fear, greed, or hesitation?
According to Grumlin Mystery, a well -known encryption analyst, XRP is likely to suffer from another negative side in the near future, which may decrease to $ 1.96. On March 30 After xHe highlighted that the decrease in liquidity within the encryption market plays an important role in weakening the stability of XRP prices, driven by the impact of the American customs tariff and the implementation of Trump’s policy changes.
Grumlin pointed out that restrastic trade policies and economic uncertainty led to a slowdown in the flow of capital to more dangerous assets such as cryptocurrencies. As liquidity drop, market participants have a lower purchase capacity, making it easier for bears to push prices to a decrease. He warned that if these economic conditions continue, XRP may struggle to find strong support, and less than $ 1.96 may lead to a further decrease.
This drying allowed the liquidity of the sellers to obtain the upper hand, which exercises the declining pressure on the prices. As a result, the XRP ability to keep support at $ 1.96 remains unconfirmed, and unless the market conditions improve, it can be a deeper correction on the horizon.
Grumlin’s ambiguity has made it clear that the sharp change in Trump’s speech with regard to tariffs is still largely unexpected, making it difficult to measure its full impact on financial markets, including cryptocurrencies. While many people initially believe that Trump’s position will be a great positive incentive for the encryption market, reality seems more complicated.
The analyst emphasized that the uncertainty in the market is increasing with equal traders in order to expect the next step in the American economic policy. If Trump preserves or intensifies the tariff approach, this may increase the tightening of liquidity conditions, which makes it difficult for XRP to keep the upscale momentum.
XRP potential scenarios
If buyers succeed in defending the level of $ 1.96, XRP may see a renewed momentum. The reversion from this support zone may mobilize about $ 2.64, as the following resistance lies. The collapse above this level increases the possibility to $ 2.92 or even $ 3.4, confirming the upscale recovery. Increasing trading volume and improving market morale will be the main indicators of this scenario that is running.
The failure of the sellers to maintain control and the failure of XRP to keep more than $ 1.96 may cause a more severe decrease. In this case, the following critical support levels that must be seen will be 1.70 dollars and $ 1.34. The collapse can lead to below these levels to expose the original to more losses to $ 0.93 or less.
