XRP Is The Best Looking Altcoin Chart Right Now: Crypto Analyst
The well -known traders and market commentators Jacob Kandfield (@Jacobcanfield) determined XRP as the outstanding performance of Altcoins and shared the price list on X on X, which emphasized the closest momentum of the token. Although most of the cottage coins have suffered double -digit losses in recent days, the price of XRP has performed well.
XRP builds a strong motivation
The daily chart of the XRP/USD permanent contract shows that the stable climbing rises from 0.50 US dollars in early November to the current Merged area About $ 3.10. The overall situation shows a series of higher highs and higher lows, which proves that XRP is underway.
The initial rally started below 0.50 US dollars, and continued until November and early December. By late December, the XRP has reached a area of ​​$ 2.00, and it briefly merged before continuing to move up. Around mid -January, tokens exceeded $ 3.00, and the price was close to 3.20 US dollars before the experience of a game Pull backEssence
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Canfield’s chart highlights several key support and resistance levels, including the pink demand area about $ 1.90-2.00. Whenever the price falls, it repeatedly serves as a strong foundation. A sharp light core entered the area and then quickly recovered, indicating that the Bulls have been defending the threshold of $ 2.00.
The higher the chart is a black horizontal line close to $ 2.90. The line marked the local top in early December 2024 and is now supporting. XRP History support level-The price is 0.5478 US dollars, $ 0.3125 and $ 0.1778, which is far lower than the current market price, but it provides a background for important areas observed in the past trading cycle.
The recent candlestick pattern reflects the significant fluctuations of $ 3.00. The sudden decline in the market briefly made the market below $ 2.65, but the price rebounded almost fast. This sharp decline and recovery usually means that traders have sufficient liquidity and willing to absorb selling orders. The candlestick group is close to $ 3.05-$ 3.10, indicating that there is a balance between purchasing and sales pressure in critical areas; decisive or downward action may set the tone for the recent motivation.
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In his brief and emphasis on comments, “XRP -Sleeping looks like the best altcoin chart in cryptocurrencies” -Andfield expressed his views on bullish views based on the clear structure and elastic needs of the chart. He pointed out the upward trend, clear support and resistance level, and strong interest in defending key areas.
Although he has not provided a clear price target, the chart reveals the importance of holding above $ 3.00, which is with the key 0.5 Fibonacci retracement level (from the peak drawing from mid -January), and may exceed 3.24 US dollars ( 0.786 Fibonacci withdrawal level).
In the worst case, more in -depth corrections can be re -examined for a demand area of ​​$ 2.00, and XRP has received considerable support in recent months. Whether XRP can maintain its status and develop on the basis of its market traction remains to be observed, but its technical framework has attracted the attention of many traders who seeks a strong trend dynamic.
Use the characteristic images created by Dall.e, the chart of tradingView.com
