During the weekend, the XRP price is more disrupted and Ultimately decreased to less than the support level of $ 3. This was placed on the road for possible losses, as the current declining trend can continue to deepen. Meanwhile, there were also a number of hippos that appeared to Altcoin at this time. With the accumulation of downsic configurations and the sales are still the matter today, analysts warned that the price of XRP may be ready for further collapse.
The price of XRP can decrease down the channel
According to the encryption analyst, Cubavangard, there possibility The price of XRP can see a rapid decrease to the bottom of the current channel. This comes because Altcoin is at risk of declining in the PRZ range, which was determined by the graph that the encryption analyst shared on TradingView.
This PRZ range is located at $ 2.8, which means that altcoin is dangerously close to declining under this point. At this level, there is a possibility that two things will happen. The first is that the bulls are able to keep the momentum at this stage and then stir up. In this case, the thesis of landing can be nullified and The price of the next XRP can start from the upward trend.
However, there is a high possibility that the price of XRP will decrease to less than this PRZ range, which opens a pathway for control. This may mean a complete destruction of support at $ 2.8, which leads to a decrease in the encrypted currency below the canal and put it to $ 0.26 before the end of the declining direction.
Landing triangle supports bears
Another encryption analyst that exceeded Koooksootrade on TradingView also presented their voice and warned that XRP might face a possible decrease. analyst Indicate Forming a declining decline triangle, whose potential breaking can lead to the next wave of losses.
As they explain, the XRP price has already decreased the neckline, which is why the price has continued to decrease. After this trend, the encryption analyst explains that the bottom is not present and is expected to pull the altcoin to a range of 2.45 to $ 2.5 before the landing ends.
Swallowacademy analyst confirms this configuration in A. answer For analysis, confirm it is a academic declining pattern already. Pointing to the collapse of the neckline, they show that this is indeed a strong signal indicating that there may be more decrease. However, unlike Kooksootrade, swallowacademy does Expect a decrease in price Less than 2.45 dollars -2.5 dollars before there is a bounce.
Distinctive image from Dall.e, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
https://bitcoinist.com/wp-content/uploads/2024/07/XRP_dd6fc2.webp
2025-08-04 06:00:00
