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The XRP price is on one Make-or-break moment Because it has difficulty maintaining a critical technical level while navigating broader market insecurity. In a recent report, a crypto analyst gave a grim warning for XRP holders who emphasized that The cryptocurrency risks crashing Up to $ 1.9 if it didn’t know a key prize level.
XRP -price risks fall to $ 1.9
By one analysis Presented by Crypto analyst ‘Dom’ on X (formerly Twitter), the XRP price could quickly prepare itself for a big crash. The analyst revealed that the cryptocurrency recently tested the top of a 100-day Falling trend line– a zone that also coincided with the elections Volume weighted average price (vwap) And the monthly rolling vwap.
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This convergence of technical indicators has become a critical combat station between bulls and bears. While buyers try to descend further and push the XRP price higher, the rejection on this top gives weakness and brings it Risk of a disadvantage movement.
The graph of the analyst shows that the price of XRP has difficulty staying above a mid-range support level, visually marked by a horizontal gray box between $ 2.05 and $ 2.1. Don’t delete this area can cause a significant decrease to $ 1.9, which has identified Dom as the next important support area.
On the other hand, a break above $ 2.12, where several VWAPs have been stacked, one would indicate immediately Bullish reversal and possibly mark the start of a new one upward trend. Dom has also emphasized the urgency of XRP that regains the level of $ 2.12. If bulls do not do this, the structure of the cryptocurrency remains vulnerable and can correct down at any time.
Because the XRP price is currently at $ 2.3, the analyst has one key up target On his card. If XRP broke above his current price, the analyst would expect it to go back to $ 2.47-one that would act as a dynamic resistance in the longer term.
XRP has to break $ 2.3 to reach $ 3
In a recent XA crypto analyst known as ‘Lord Crypto’ emphasized that XRP shows signs of a potential outbreak While it appears from sold -off territory with several bullish catalysts who are approaching. After Weeks of consolidation Near the $ 2.00 test XRP support zone now the resistance level at $ 2.30.
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Technical indicators and market trends seem to prefer bulls. The Stochastic Relative Strength -Index (RSI) Shown on the price diagram is upside down from transfers zones, which indicates possible renewed purchasing pressure.
The analyst has also pointed out the possibility of one XRP ETF approval Like a bullish catalyst. Moreover, he emphasized Ripple’s victory over the American SECWhat puts an end to the lawsuit that has lasted more than four years.
In particular, a close and persistent trade above the $ 2.30 level could enable XRP to focus on higher resistance levels around $ 2.52 and $ 2.91. As soon as this happens, the XRP price can even reclaim over $ 3 beyond the highlights.
Featured image of Getty Images, Chart van TradingView.com