XRP Price Continuation After Crash Below $2.4? New Targets Emerge
XRP’s recent price movements follow a pattern, with crypto analyst Javon Mark saying the signal shows the potential for a strong continuation of the rallies. Marks shared his analysis on social media platform X, pointing to the “hidden bullish difference” on the XRP’s daily candlestick chart. Despite the collapse of the price, it exists This bullish divergence Opens up new bullish targets for XRP prices.
XRP’s price crash worsens, but hidden bullish differences hint at the next step
XRP price action Facing consistent downward pressure The decline in the past 24 hours has intensified over the past week. At the time of writing, XRP has dropped by about 13% in the past 24 hours, and is about to retest the critical support level at $2.
Related Readings
However, an interesting analysis shows that this decline is Hidden Bull Difference Patterns, price and RSI indicators all create a series of highs and lows over a 1-day candlestick time. This interesting pattern is characterized by lows and higher highs on the XRP price chart, while there are a series of lower lows and lower highs on the RSI indicator. As we all know, this different formation between the price of cryptocurrencies and RSI is optimistic. In particular, it shows that sales pressures shown by RSI may be slowing down.
Javon Marks highlights XRP Preparing “A large-scale continuation wave” and the necessary technical confirmation of such actions has been achieved. This assertion is based on He’s early In an analysis on February 18, he described the hidden bullish differences as “formed in textbook format.”
The collapse quickly reversed? Price target for viewing
According to Javon Mark’s forecast, XRP prices will eventually lead to higher prices for XRP prices, as expected by bullish divergence patterns. As far as specific targets are concerned, Mark’s forecast suggests that the next peak could reach at least $3.80. If realized, this will drive XRP beyond its current $3.40.
Related Readings
However, this prospect depends on the XRP price Keep above Bullish divergence support is $2. Any continuous decomposition below this threshold can challenge the strength of the expected rally and change the bullish outlook.
In addition to this view, Marks also notes that its merger and merger are similar since XRP’s merger has been combined in the past few weeks with $3.36 and has been held in the first half of the year after a strong rally. sex.
Although the current merger phase lasts longer than the duration observed at that time, both formations have key structural similarities. The 2017 merger ultimately led to a continuation of the rallies, pushing XRP prices to new highs. If history repeats itself, the current integration may also be the precursor of another important leg.
At the time of writing, XRP traded at $2.15, down 13.2% and 15.9% in the past 24 hours and 7 days respectively, and is Now in danger of losing $2.0 support is fast.
Featured images from Adobe Stock, charts from TradingView.com
