XRP must get out of this range before challenging $ 3: ripples analysis

Ripple has reached a decisive price range ranging from $ 2.3 to $ 2.5, with an imminent direction in determining the next direction. The bullish penetration will pave the way for a continuous gathering towards a scale of $ 3.1.
XRP analysis
Daily chart
XRP’s last upward trend was stopped from a long drop -down wedge near the 2.7 dollar level, which led to a declining decline. However, the price is now unified in a decisive and narrow range between $ 2.3 and $ 2.5, limited by the top of the wedge. This region has become a decisive battlefield between buyers and sellers.
The current decline can also be explained as a recent re -test of the average movement that was broken and 200 days, which can re -enter demand in the market. The outbreak of this narrow range appears imminent, and the direction of this penetration is likely to determine the next main step for XRP. The bullish collapse above $ 2.5 would open the door to a continuous gathering towards the resistance area of $ 3.1.
The graph for 4 hours
In the low time frame, Ripple has maintained a wider bullish structure in recent days, which led to the outbreak of the descending pattern. However, the original faced a large sale pressure on the resistance of $ 2.7 and was quickly rejected, and it fell again in the formation of the wedge. This movement indicates a potential bull trap and a false difference.
Currently, XRP maintains the main support at $ 2.3, where the benefit can be returned. If this level continues, it is possible that the renewed batch is to the $ 2.7 region. However, the market is awaiting a decisive outbreak from the range of unification of 2.3 to $ 2.5.
If the penetration is optimistic, the price may rise quickly to resist $ 3.1. On the contrary, the breakdown of less than $ 2.3 may lead to a sharp drop towards two dollars, especially if it is accompanied by a short brief or panic that sells from long jobs.
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