Crypto prices have fallen today due to the rising voltages in the middle east. XRP fell to $ 2.16, while Cardano (ADA) and Solana (SOL) fell more than 1%. Ethereum (ETH) also fell 0.7%and gave up his recent profit.
XRP acts around $ 2,159, today with 0.3% a decrease after it has not kept up the $ 2.30 resistance zone. After a rally up to $ 2.35, sellers got control back and push the price back to $ 2.11.
Earlier, XRP had risen above $ 2.40, exciting traders and feeding the hope for an outbreak. But the rally didn’t last. The price fell back near $ 2.15 and changed what looked like a bullish breakout in a fake. The short peak was powered by whale activity, hope for a seclets and a strong sentiment, but the momentum faded quickly.
XRP is stuck in a tight reach, will the lower levels visit again?
Now XRP is stuck in a narrow range between $ 2.00 and $ 2.50. Analysts say that an outbreak above $ 2.50 could focus on $ 3.50, but if the price drops, it can fall to $ 1.85 or even lower. Technical indicators such as MACD show sales pressure. XRP forms a symmetrical triangle, which often precedes a large movement, up or down.
To get the momentum back, XRP $ 2,206 has to recover and break resistance around $ 2.18 – $ 2.21. A successful push above $ 2,236 can open the road to $ 2.35 and beyond. But if it slides under $ 2,113, XRP can view the support levels again at $ 2.02, $ 1.92 and even $ 1.83.
In the past month, XRP has traded between $ 2.05 and $ 2.40. Various analysts say that the current setup is similar to the 2017 price action, which led to a huge outbreak for all-time highlights.
XRPs 2017 Setup repeated?
XRP has been consolidating between $ 1.90 and $ 2.90 for almost 200 days. Analysts such as seeing similarities with the triangle pattern 2017 that led to a rally of 1,300%. With an even longer consolidation this time, a similar Rally from the breakout zone could push from $ 0.63 XRP to $ 8 – $ 10.
Analyst Dark Defender believes that XRP is approaching a crucial breakout point. Patterns such as cup formation, trendline squeezing and fibonacci levels are set out. The sharpening of advancing averages also suggests that there will be a big move. His short -term goals are $ 2.22 and $ 3.61, with support for $ 2.07.
Credit : coinpedia.org
