The price of XRP has entered Golden pocket– Key level of Fibonacci, which often acts as robust support. According to a cryptographic analyst, this recent development can present An attractive opportunity to buy For investors, especially when the market consolidates.

XRP The price of golden support can cause a reflection

Cryptographic analyst, known as “Coldbloodeed -Charter” at TradingView, has presented Detailed analysis of the XRP technical chart, discussing its current position, potential future trends and key levels of shopping. The analyst revealed that XRP is currently in a golden pocket, supported by 50-day moving average (MA) directly below it.

The analyst noticed that his previous analysis from the previous day was exactly as planned, with a recent golden pocket acting as Resistance level As you approach from below. In the compact term, the Cryptowan expert in TradingView does not expect an immediate breakthrough of the XRP price. This grim forecast is attributed to the possible sales pressure driven by the last 500 million Escrow XRP unlocks initiated through Ripple Labs at the beginning of this week.

He also quoted an analyst The current phase of XRP consolidationwhich began 19 days after reaching a high cycle as a barrier for an immediate stubborn price. The last phase of consolidation lasted even 39 days after XRP reached USD 2.91 on December 3, 2024.

Looking at the chart of the price of the analyst, XRP created a stubborn pennant The formula that led to earlier breakup in 2024 before the consolidation phase. On the basis of this past trend, the TradingView analyst predicts that XRP may experience another two to three weeks Pretty price Before starting another gigantic traffic. The pattern of the triangle on the chart of price XRP suggests Powerful reflection In the direction of a stubborn target price in the amount of USD 3.43, if the cryptocurrency can accommodate its golden pocket support.

Key purchase levels for watching

While ColdbloOdcharter designs a rally to USD 3.43 for the price of XRP, the TradingView analyst also presented the key Buy-the-dip Levels investors may be careful about preparing for this potential growth. USD 2.50 will be the basic Support area for XRPoffering investors a 6-7% discount on current low prices.

If the XRP goes on, the analyst expects it to reach a level of support from 2.25 to 2.30 USD. Reveals that this price level is a much safer entry point and accumulation zone for investors, especially if Bitcoin (BTC) Remains above $ 95,000.

The analyst also emphasized the steep support zone from 1.9 to 2.00 USD. This support is a significant opportunity and it is expected to take place if it occurs Bitcoin experiences a keen withdrawal About $ 91,000 to recent minima.

Although further market decreases will be an opportunity to buy for many investors, they also pose a risk for those who bought XRP at the highest prices. Tradingview analyst revealed this Relative XRP (RSI) force indicator It cools down, suggesting the weakening of the market momentum. However, he remains an optimist, anticipating a robust reversal.

A distinguished painting with a medium, chart from tradingview.com