The past 24 hours have been difficult for XRP holders. A sharp price decreased by 5.8 % Support about $ 2, With the sale of pressure, it is currently dominating the XRP trading volume. Feelings turn into a decline, but one of the analysts is sure of the long -term currency path, expecting that Altcoin is still on the right path Access to the highest new levels ever.
The analyst highlights $ 2.222 as a penetration level for viewing
Dark Defender Take to the social media platform x To repeat his bullish outlook on XRP, even with the distinctive symbol struggle with short -term fluctuations. According to him, the distinctive symbol has reached its lowest level in Fibonacci after the last decline, which hints that this may be a large pivotal point. He described $ 2.222 as an important resistance level, indicating that the collapse above it could be included in a wave of renewed bullish momentum.
During its publication period, XRP was trading at approximately $ 2.18, after it fell just after facing the rejection at $ 2.46. This rejection represents the beginning of a new decline, which ultimately brought XRP to the lowest Fibonacci threshold placed in its previous expectations. However, Dark Defender added that altcoin may not yet take place. He pointed out that there is still a possibility of an additional decline of about $ 2.04, which was previously determined as the final Fibonacci level in the current structure.
As of now, Altcoin is hovering around this region of $ 2.04, making it a decisive area for bulls. Whether this level carries or gives the road a short -term trend of XRP price movement.
There are still 5 dollars to 8 dollars in playing with XRP as a 5 goal despite the declining momentum
despite Continuous price correctionDark Defender maintained its forecast for the price of XRP from $ 5 to $ 8, aligned with this goal with the expected completion of the fifth wave in the Elliott Wave structure. The current wave structure indicates that the month of April is the months in which it sees explosive growth, so that most merchants now adopt a declining attitude.
This declining position is particularly noticeable in the index of fear and greed in the encryption market, which is now at a level of fear of 24. However, the dark defender indicated that the dominant market feelings are not necessarily a bad sign. In fact, description The prevailing hibernation expectations It was held by 90 % of the market participants It is “excellent” This means that it may pave the way to reverse a surprise.
At the time of writing this report, XRP is trading about $ 2.05, after losing 5.7 % in the past 24 hours and more than 15.8 % last week. The trading volume decreased by 17 % over the past 24 hours.
Distinctive image from Istock, Chart from TradingView.com
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