The cryptographic market is observing forbidden breath when XRP Teeters for $ 1.97, a battlefield, where the stubborn conviction is trying with the bear. After withdrawing from the last ups of digital assets, he is now in the face of a critical test.
The current distance reflects the wider dragging of the war in cryptographic markets, where mood moods change rapidly, and key price levels determine another vital movement. In the case of XRP USD 1.97 is not only another number; It’s a sand line. The decisive tuło can destroy the rush up, while the failure can embolden the bears.
Market sentiment: fear, greed or indecision?
According to Grumlin Mystery, a well -known cryptographic analyst, XRP probably feels another disadvantage in the near future, potentially falling to USD 1.96. On March 30 Post on XHe emphasized that the decrease in liquidity on the cryptocurrency market plays a key role in the weakening of the XRP price stability, driven by the impact of American tariffs and the implementation of Trump’s political changes.
Grumlin pointed out that the restrictive commercial policy and economic uncertainty led to the slowdown of capital flow to more risky assets such as cryptocurrency. With reduced liquidity, market participants have less purchasing, which makes it easier to lower the price. He warned that if these economic conditions persist, XRP may have difficulty finding sturdy support, and a decrease below USD 1.96 may cause further drops.
Drying liquidity allowed sellers to gain an advantage by exerting pressure on prices. As a result, XRP’s ability to maintain support of USD 1.96 remains uncertain and if the market conditions improve, there may be a deeper correction on the horizon.
Grumlin Mystery further explained that the severe change in Trump’s rhetoric regarding tariffs remains highly unpredictable, which hinders the assessment of full influence on financial markets, including cryptocurrency. While many initially thought that Trump’s attitude would be the main positive catalyst for the cryptocurrency market, reality seems more intricate.
The analyst emphasized that market uncertainty is growing because traders are trying to predict another US economic policy movement. If Trump maintains or intensifies his approaches to the tariffs, it may even exacerbate the liquidity conditions, which is even more challenging to keep the stubborn shoots.
Possible scenarios for XRP
If the buyers successfully defend the level of USD 1.96, XRP could see the renovated additional rush. The reflection of this support zone can rally cause $ 2.64, where the next resistance lies. Breaking above this level increases the potential to USD 2.92 and even USD 3.4, confirming stubborn recovery. The increased volume of rotation and improvement of market moods would be the key indicators of this scenario.
Failure to comply with sellers’ control and lack of maintenance of XRP above USD 1.96 may cause a pointed drop. In this case, subsequent critical support levels to view would be $ 1.70 and USD 1.34. Fracture below these levels can expose assets to more losses to 0.93 USD or lower.
