XRP it was possible to break Macade 3 USD in the last 24 hours, which gave readers to throw themselves on a stubborn momentum. However, this breakthrough is not yet confirmed, because the price of XRP is close to this price level every week.
The cryptocurrency is still undergoing a decreasing channel in a weekly time frame, and in this context an captivating technical analysis of cryptography presents the bears of the script of what can happen if XRP loses its current structure.
The analyst warns against bear failure to $ 1.9
Was Various stubborn forecasts and technical analyzes for XRP in recent weeks. However, the Coinskid Coinskid analyst has raised concerns about what may happen if XRP does not keep its position above critical support levels. Analyst He divided his perspectives Social media platform X, in the company of the show showing Potential minus scenario.
According to Coinskid, XRP has been traveling since December last year, but is stability along the Bull Market Support Band (BMS). He described the current moment as the last stubborn case of XRP, warning that BMS failure can completely erase this stubborn perspective.
His words “lose BMS and stubborn support of $ 1.90, and XRP can be in free autumn.” Despite this, he noticed that he was still carefully stubborn, but caution is due to the apparent threat of losing these key levels.
The weekly candle table that accompanied his post clearly illustrates the situation. XRP sits in a decreasing system, and the last three weekly candlesticks were red after rejecting XRP on the upper trend line of this channel in September.
The bearing scenario is based on XRP, expanding this rejection, and then to such a low and lower trend line of this decreasing channel, which is currently around USD 2.2. The break below this line would indicate this Pressure for sale was ahead of The bracket structure, probably establishing a deeper revival.
The next main level of support is awarded at USD 1.90, which coincides with a stubborn support zone from the order block created in June.
XRP price levels to watch
The levels of 2.20 and 1.90 USD are the most critical zones on the weekly chart. Keeping above USD 2.20 can still allow XRP to maintain its stubborn structure in the long run. Closer miniature -term support levels are $ 2.8 and USD 2.72, and staying over these levels He will configure XRP for another attempt to break over the decreasing channel.
XRP has It was possible to accommodate above USD 2.8 Over the past few days. In particular, the recent purchase pressure allowed XRP to exceed USD 2.9 and USD 3.0 in the last 48 hours, reaching an average level of USD 3.10.
Interestingly, the Coinskid chart also leaves room for optimism. The stubborn projection shows the scenario in which XRP pierces the upper line of the channel trend and rallies above 4 USD. At the time of writing, XRP trades $ 3.05.
A distinguished picture from Adobe, chart from TradingView.com
