Crypto para Analysis Company Macrovision, Ripple (XRP) published the latest technical analysis. In the analysis, it was stated that XRP technically entered a stabilization process, while the general decline trend is still continuing.
According to Macrovision, the XRP price is at a critical stage. The price permanently overcome the resistance zone in the $ 2.20 – $ 2.30 range limits the rise scenarios at this stage.
According to the analysis company:
- The $ 2.19 – $ 2.23 range for XRP creates a strong set of resistance with the 0.382 Fibonacci level ($ 2.30).
- A break above this level can allow the price to capture a new rise momentum towards $ 2.50.
- The $ 1.90 – $ 2.00 range stands out as a support zone for XRP in the short term. A permanent decrease below this level may attract the price again to the last bottom levels.
Macrovision says that XRP is currently in a critical decision -making stage. It is stated that an output of more than $ 2.30 can trigger the trend change, but a possible withdrawal below $ 1.90 will reinforce the fall trend.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/ripple-xrp-fiyati-kritik-donemecte-analist-2-5-dolara-ralli-icin-gerekeni-soyledi/
