The price of XRP (XRP) continues to perform the wider encryption market this week, although many Altcoins turned green as Bitcoin (BTC) rose to $ 88,800.
XRP 1 Day of the graph. Source: CointeleGRAPH/TradingView
Altcoin has decreased by 4.7 % over the past seven days, stopping the stoppage to 11 %, which was seen on March 19, when “Sensind” news that ends from SEC Ripple topped newspaper addresses. XRP trading volumes fell from about $ 4 billion to $ 2.6 billion, a 35 % decrease during the past week.
XRP prices on a very slope cliff
In the last X Publication, veteran Petter Brandt He said The presence of the H & S “School Book” can decrease to a decrease in the price of XRP to $ 1.07.
XRP Head-AND-KNSERERERS by Peter Brandt. Source: x.com
According to Brandt, the price height over $ 3 can nullify the H&S style. However, a decrease less than $ 1.90 opens the possibility of correction of 55 %. Brandt said,
“Less than 1.9 dollars, I don’t want to own it. H&S projects to $ 1.07. Don’t shoot the Messenger.”
On the contrary, Gavon signs High Positive outbreak of XRP. The cryptocurrency dealer indicated that the price of the XRP and the RSI index (RSI) has been circulated over the falling spoilers.
XRP analysis by Javon Marks. Source: x.com
Historically, this preparation has proven to be a profitable transformation for Altcoin, and Marx said,
“The last penetration has increased prices by approximately 570 % and prices can be ready for another significant increase.”
Related: waiting for the altcoin season? The data indicates that it is already present
The XRP correction call can be premature
From a technical perspective, it is somewhat early to predict a re -test of the 1.07 dollar level based on the current XRP market structure. Although XRP has been in the direction of a decline since the beginning of 2025, the level of $ 1.90 has been tested only three times since November 2024.
XRP 1 Day of the graph. Source: CointeleGRAPH/TradingView
Since the XRP was circulated above two dollars, it has not experienced a daily closure without the threshold, indicating that investors may view this range as a potential purchase zone.
Moreover, the immediate market sizes have been the main driver behind the last gathering of XRP, indicating the constant investor’s interest in Altcoin over the past few months.
DOM, an analyst on demand flow markets, pointed out that the next two weeks may be vital to XRP to create a clear direction. The analyst stated that the current range does not pick up its attention He saidand
“We need to see clear rest periods of the levels I have shown. Just be aware of the next week or two weeks, because the price will be told.”
XRP demand flow analysis by DOM. Source: x.com
The important level of XRP remains to recover $ 2.50, which has been decisive and resistance support for the past four months of the basic procedure.
Related: Bitcoin price is just getting rid of the declining direction for a period of 3 months with the start of “main transformation”
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
