XRP price tag convergence support, technical indicators set the next stop at $3
XRP price is once again in the focus, with converged support from subsidiaries providing bullish outlook and suggesting a bullish continuation. Based on these technical indicators, crypto analysts Alchemist Trader It is predicted that XRP may rise to $3 soon.
XRP price may reach key resistance at $3
exist TradingView PostsAlchemist traders say XRP price could reach major resistance at $3. This is because he predicts that as the next logical step, he predicts the range of control points and control points (POC) to $2.80. The main obstacle, he added, is Previous highs approach $3the channel’s midpoint and bearish order block overlap.
Analysts also commented on current price action and pointed out that Altcoin has entered a critical merger phase within its long-term upstream channel. He further technically breaks down the main key elements of XRP’s current setup. First, he revealed that the price has been retested The lower boundary of the upstream channel And stay “flawless”.
Alchemist traders noted that the same level is consistent with the previous impulse of 0.618 backtracking, creating a strong demand zone in the process. Then, the analyst talked about the moving average (MA) and the volume structure. He revealed this XRP Price Retrieved and hovered above its 200-day MA, which marks the buyer’s control.
Furthermore, it is said that the recent rebound from channels with low channels is higher than average daily numbers, indicating institutional accumulation at the confluence. Meanwhile, Altcoin’s overnight swing is high and low on monthly value area (VAL), enhancing support and capturing bears. XRP surpassed the previous swing high and has confirmed a shift to higher highs, completing a bullish market structure flip.
Power is building altcoins
In X posts, Crypto Analyst Casitrades It is pointed out that momentum is building as XRP prices approach key levels of Fibonacci. She acknowledged that the market was relatively quiet lately, but noted that momentum was bouncing, and Altcoin was falling to one of the most critical support tests in the weeks.
Analysts further pointed out that the price is now close to a key support area between $2.078 and $2.00 after a steady pullback of $2.36 local high prices. The area is said to have been a pivot point in the past, and if strength returns, the market may start to change.
Meanwhile, in a lower time frame, Casitrades said Relative Strength Index (RSI) Signs of sales exhaustion are showing, price action is beginning to shrink. This usually indicates that a bigger move is coming. Analysts predict that the token will gain strength from these support and exceed $2.25, $2.68 and “beyond.”
At the time of writing, the XRP price is trading at about $2.13, up more than 1% in the past 24 hours. data From CoinMarketCap.
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