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Madwhale cryptographic analyst He raised the possibility that the price of XRP has experienced a failure below the key level of support 2 USD. The analyst also revealed the next earnest support if the XRP drops below this level of support.
The price of XRP may drop to USD 1.90 if it loses $ 2 support
IN Post TradingviewMadwhale predicted that the price of XRP may drop to the main support of USD 1.90 if it loses the psychological level of USD 2. He noticed that XRP showed the classics Triple formationWith each subsequent peak showing a weaker momentum. According to this, the analyst stated that the break below threshold 42 seems inevitable, because XRP is approaching the constant resistance zone.
Madwhale also stated that the down movement is to extend to at least USD 1.9, which is an 18%decrease. The analyst added that such a drop in prices is in line with the main goal and a key daily level of support. Cryptographic analyst Ali Martinez He also suggested that XRP may drop to $ 1.2 if it loses USD 2.
The analyst revealed that the price of XRP is a model of the head and arms on a weekly chart, which puts a level of support of 2 USD in the attention center. His accompanying table showed that the crypto may drop to $ 1.2 if it breaks below USD 2. However, despite this bear, other cryptocurrency analysts, such as Egrag CryptoThey emphasized some positive aspects of the XRP price.
Krypto Egrag stated that the dominance of the price of XRP showed great strength and predicted that if the 0.5 fib is successfully closed above, it could soon gather to the level of FIB 0.888. The Crypto Obscure Defender analyst predicted that XRP can accumulate to fresh all time (ATH) if it still maintains key support levels at USD 2.04 and USD 2.22.
Altcoin is still in waiting mode
Casitrades cryptographic analyst He said that the price of XRP is powerful, but it is still in waiting mode. She added that the stubborn structure remains intact, and Altcoin maintains above USD 2.26, which is the key. 382 Disposal service. The analyst noticed that the price of XRP devoted some time to reversing consolidation on support, which indicates that the markets are configuring to the next move.
The cryptographic analyst revealed USD 2.70 and USD 3.25 resistance levels and USD 2.25 support levels as key levels for viewing. She noticed that the price of XRP must exceed USD 2.70 and USD 3.05 to become support for confirmation Next wave. Meanwhile, Casitrades suggested that the risk of XRP falling to USD 1.54 if he lost lower support in the amount of USD 1.90.
The cryptographic analyst also mentioned that the price must exceed USD 3.40, the current ATH to confirm the fresh trend. Until then, waiting for signs of confirmation that she claimed may not be obvious to wave 3 in the market cycle. Casitrades said that the key levels of FIB have been violated and the market is on the edge of the breakthrough.
At the time of writing, the price of XRP is around USD 2.29, which is a decrease by over 2% in the last 24 hours, according to data with coinmarketcap.
A distinguished painting with a medium, chart from tradingview.com
