XRP Price Can Fall Further To $1.5 If This Level Fails To Hold
Although recovered from bearish lows Recent risea crypto analyst predicts that XRP price may fall further to $1.50. Analysts have pointed to key resistance levels that XRP needs to maintain to avoid Hit a new low And eliminates recent gains.
Analysts predict XRP price crash at $1.50
TradingView Crypto analyst Madwhale owns shared A new price analysis with the focus on XRP’s future price potential. The analyst highlighted his good track record of cryptocurrency trends, highlighting that he has accurately identified and achieved all gain targets.
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Crazy prediction XRP price may crash Below $1.9 to $1.5. Analysts revealed that XRP is currently in a downtrend and has been at lower highs and lower lows, which suggests that it is Bearish structure. According to his price chart, cryptocurrencies are also trading within the downgrade channel and are quickly approaching key resistance levels.
This key resistance point has been marked as Psychological level Sellers may appear and trigger further downward pressure on cryptocurrencies. If rejection occurs here $2.00 Resistance LevelMadwhale stressed that the next support area and downside target will be around $1.90, accounting for 17.62% of the value decline.
TradingView Crypto analysts predict another major if the resistance level fails completely and the support level of $1.90 is interrupted XRP price breakdown. He predicts that cryptocurrencies may experience a deeper decline of 35%, which could drop to the next major support level at $1.50. This crash target Descending Channel XRP currently lives in it.
Madwhale reveals that a drop to $1.5 may be a key point The price is stable, Implication a Possible reversal In cryptocurrencies, bearish pressure will weaken. The analyst’s price chart also shows that XRP recently tested the upper boundary of the downward channel but faced rejection near resistance.
The main daily resistance area of XRP price is marked in red on the chart, indicating that sales pressure may occur at $2.6. As of this writing, XRP is trading at $2.8, which is already significantly higher than Madwhale’s daily resistance zone.
Trump’s crypto reserve plan triggers major XRP price surge
After experiencing a massive price crash over the past few weeks, XRP Price It seems to be recovering at an amazing speed. In just one day, cryptocurrency saw it Double-digit prices soar, Successfully reversed the previous downward trend.
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Analysts have Attributable to Recent unexpected surges in the United States (USA) Donald Trump’s announcement of crypto reserve plan. The U.S. President incorporated XRP into his crypto protected areas program, aiming to improve the country’s debt strategy and cryptocurrency advantages. As the news spreads from the strategic plan, XRP price increased by 24.5%, and its value is once again above the $2.5 threshold.
Featured images from Istock, charts from TradingView.com
