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Despite the recovery of Bearish Less points after being Recent riseA crypto analyst has predicted that the XRP price could undergo a further decrease in its price to $ 1.5. The analyst has indicated a critical resistance level that XRP should hold, otherwise it will crashes to new lows And rowes recent profits.
Analyst predicts XRP -Prijscrash up to $ 1.5
TradingView Crypto analyst MADWHELE has shared A new price analysis aimed at the future price potential of XRP. The analyst emphasized his strong track record of cryptocurrency trends, which underlines that he has accurately identified and achieved all profit goals.
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Madwhale predicts that the XRP -Price can crash Under $ 1.9 to $ 1.5. The analyst revealed that XRP is currently in a downtrend and has made lower highlights and lower lows, which indicates Bearish structure. According to its price diagram, the cryptocurrency also acts in a descending channel and quickly approaches a key resistance level.
This critical resistance point on the $ 2 brand is tagged as a psychological Where sellers probably come forward and cause further downward pressure on the cryptocurrency. If there is a rejection here $ 2.00 resistance levelMadwhale emphasizes that the next support area and the downward goal will be around $ 1.90, which represents a value of 17.62%.
If the resistance level completely failed and the support level of $ 1.90 breaks, the TradingView Crypto analyst has predicted a different major Expansion in the XRP price. He predicts that the cryptocurrency could experience a more in -depth fall of 35%, which may fall to the next major support level at $ 1.5. This crash goal is on a lead with the lower limit of the Digging in which XRP currently lives.
Madwhale has revealed that the decrease could serve up to $ 1.5 as a crucial point for Price stabilization, Hint on one Possible reversal In the cryptocurrency as soon as Beerarish decreases pressure. The price diagram of the analyst also shows that XRP recently tested the upper limit of the falling channel, but was confronted with a rejection near the resistance.
The most important daily resistance area for the XRP price is rather marked on the graph, which suggests that $ 2.6 is where the sales pressure could occur. XRP is currently being traded at $ 2.8, already considerably above the daily resistance area of Madwhale.
Trump’s Crypto -Reserveplan activates large XRP pricing
After experiencing a considerable price crash in recent weeks, the XRP -price Seems to recover at an alarming pace. In just one day the cryptocurrency saw one Price increase with double digits, Successfully reversed his earlier downward trend.
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Analyst attributed This unexpected sharp increase in the recent United States (US) Crypto Reserve Plan announced by Donald Trump. The US president had included XRP in his plans for a crypto reserve aimed at stimulating the debt strategy of the country and the dominance of Crypto. As the news about this strategic plan spread, the XRP price saw an increase of 24.5%, so that its value once again pushed the $ 2.5 threshold.
Featured image of Istock, graph of TradingView.com
Credit : www.newsbtc.com
