XRP spreads below key demand – the analyst expects a decrease to $ 1.65

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This article is also available in Spanish.

The price of XRP lasts above key support levels after an aggressive decline by 20% from the last Sunday. Bulls have lost control, but despite XRP sales pressure, it remains sturdy above USD 2 – a critical level that must persist to prevent further decline. A recent slowdown has increased market uncertainty because investors are looking for signs of stability.

The best analyst Ali Martinez shared X analysis, revealing that XRP breaks out of the growing parallel channel, signaling a potential minus. According to Martinez, XRP can aim at USD 1.65 if the failure is continued, which makes the next few weeks crucial for its price shares.

The general market remains under pressure, and Altcoins are fighting to recover key levels. Bulls can press on recovery if XRP can accommodate above USD 2 and recover the shoot. However, the lack of defense of this support can cause a deeper correction by exerting additional pressure to a wider cryptographic market.

XRP Bulls are trying to regain a stubborn rush

XRP trades below key levels because it tries to regain stubborn price actions among wider market sales. The entire cryptocurrency market was under pressure after Bitcoin lost weekly support, causing panic and increasing sales pressure at Altcoins. XRP, like most of the main assets, tried to keep its land, falling violently in the last few days.

Martinez analysis on x It reveals that XRP breaks out of the growing parallel channel, signaling a potential lower traffic. According to Martinez, XRP can aim at USD 1.65 if it does not maintain the current level of demand. This division is in line with the general market weakness, in which bulls try to regain control.

XRP testing key demand Source: Ali Martinez on x

Despite the bears of perspectives, XRP still maintains above USD 2.20, in which buyers are trying to defend the price against further declines. Low -term sales pressure seems to disappear, and if bulls can support support above this level, there may be recovery on the table. However, if XRP soon does not recover USD 2.40, Bears can take control and reduce the price.

The next few days will be of key importance for the XRP price campaign, because the market is looking for a potential reversal or further decline.

The price has more than key service

XRP trads $ 2.22 after a miniature drop to $ 2.05, after a recent wave of sales pressure, which shook the entire cryptographic market. The price fought to regain higher levels, because fear and uncertainty still dominate in sentiments. Investors carefully observe potential recovery, but bears are under control for now.

Price testing fresh demand Source: Chart XRPUSDT on TradingView
Price testing fresh demand Source: Chart XRPUSDT on Tradingview

To recover the rush, bulls must keep the price above USD 2.20 and set it as sturdy support. Stable suspension at this level can prepare the ground for the recovery rally, and the next key resistance of around USD 2.40. However, if the sales pressure increases and XRP does not maintain the current support, the USD 2 sign will be the last fortress for buyers.

If XRP breaks below USD 2, there may be further declines, potentially dragging the price towards lower demand zones. On the other hand, a rapid reflection above USD 2.30 may indicate the shift of the shoot, allowing bulls to recover control and exceed the price to USD 2.50 and more. The next few days will be of key importance for miniature -term XRP price shares, because investors are looking for signs of strength among the continuous market variability.

Recommended photo from Dall-E, Tradingview chart

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