Although broken over $ 3 earlier this year, Since then, the price of XRP has continued to be disappointed by investors With multiple incidents that rocked altcoin. This has witnessed that the cryptocurrency loses approximately 50 % of its acquired value between late 2024 and early 2025. However, this failed to erode the upward morale, with predictions of higher prices dominating society.
It’s time to go to the XRP price?
The encryption analyst on X (previously Twitter) renewed the bullish hope yet to set Important formation on the XRP price scheme. The analysis indicated that the price of XRP is still moving within a convergence channel, a formation that usually indicates a downward step.
However, the declining trend has Pay the price of altcoin To the point where the lower direction line is now tested. This lower direction line is known to be a previous strong support and is expected to do this this time.
With the formation of support, the XRP price is likely to be prepared for a reversal of this level. Moreover, the encryption analyst indicates that XRP is also creating a round bottom inside this descending canal. Such a round bottom can indicate the end of the declining direction from here.
With the growth growth, the main support level is now sitting at $ 1.6. So far, this level has stood up very well, and the bulls have used it as a point to recover. Given, the encryption analyst advises that XRP price entries are the best in about $ 1.70 to $ 1.85.
This is not the only good news for the XRP price with the formation of support. If this is the case and altcoin is already at this level about $ 2, then the next important levels range from $ 2 and $ 2.2. These are levels of bulls to overcome the affirmation of my upward continuation of the highest possible level ever.
If the bulls succeed, three profit goals will be set by the encryption analyst. This includes $ 2.3385, $ 2.8160, 3.3062 dollars, and pushed it about its highest levels in January 2025.
The Habbiya issue
Although the analysis is superior to its nature, there is still a possibility to nullify that can be sent The price of XRP is further declining. As the analyst indicates, the main support is currently at $ 1.6. This means that the bulls should carry this level. Otherwise, there is a risk of much deeper correction as the liquidity scanning can send support to $ 1.3.
However, with buying feelings again, XRP is likely to follow the bullish scenario in this case.
The graph from Tradingview.com
