XRP is struggling to find firm land while it continues to negotiate a downward trend. During last week, the price dropped below a crucial support area between $ 2.50 and $ 2.10, triggering a clear drop to the range of $ 1.95 to $ 1.92.
As expected previously, XRP found a temporary support around $ 1.92, bouncing slightly from this level. However, if the price decreases below $ 1.90 on a daily closing basis, it could trigger a new drop from $ 1.80 to $ 1.79, which is considered the next key support area.
For the moment, resistance for XRP is between $ 2.16 and $ 2.60. A decisive rupture greater than $ 2.16 would be the first sign that the downward trend could ensure. Until then, the global market structure remains down on the daily graphic, with small rebounds probably but not yet a confirmed trend reversal.
If XRP falls below $ 1.79, it could enter a risky area where lower levels like $ 1.56 and even $ 1.21 could come into play. On the other hand, a break above the resistance with a strong reason of five waves could refer to an increased recovery starting earlier than expected.
The expert called “Nothing is confirmed”
Analyst Casi Trades warned that XRP again tackled a level of key support at $ 1.90. Casi explained that this type of “rebound-fine” movement is common before a good background. Although nothing has yet been confirmed, XRP remains in a larger range between $ 2.13 and $ 1.55.
“This week is already full of tension in global events and in graphics. Eyes on this next test. If the reaction is strong, it is perhaps the last low that we get before wave 3 enters,” said the analyst.
