The prices of cryptography are down today due to the rise in tensions in the Middle East. XRP fell to $ 2.16, while Cardano (ADA) and Solana (soil) fell by more than 1%. Ethereum (ETH) also dropped by 0.7%, abandoning its recent gains.
XRP is negotiated approximately $ 2,159, down 0.3% today, after failing above the resistance area of $ 2.30. After a rally at $ 2.35, the sellers regained control and postponing the price to $ 2.11.
Earlier, XRP had exceeded $ 2.40, fascinating traders and fueling the hopes of an escape. But the rally did not last. The price collapsed nearly $ 2.15, transforming what looked like a bullish escape into false. La Brève Pointe was motivated by the activity of the whales, the hopes of a SEC regulation and a strong feeling, but the momentum fades soon.
XRP has stayed in a tight beach, will it revisit lower levels?
Now XRP is stuck in a narrow range between $ 2.00 and $ 2.50. Analysts say that an escape greater than $ 2.50 could target $ 3.50, but if the price drops, it could drop to $ 1.85 or even less. Technical indicators like MacD display a sales pressure. XRP forms a symmetrical triangle, which often precedes a major movement, upwards or down.
To resume the momentum, XRP must recover $ 2.206 and break the resistance between $ 2.18 and $ 2.21. A successful thrust above $ 2,236 could pave the way for $ 2.35 and beyond. But if it slides below $ 2,113, XRP could revisit support levels at $ 2.02, $ 1.92 and even $ 1.83.
During the last month, XRP exchanged between $ 2.05 and $ 2.40. Several analysts say that the current configuration resembles the 2017 price action, which led to a massive escape to peaks of all time.
The configuration of the XRP 2017 configuration?
XRP is consolidated between $ 1.90 and $ 2.90 for almost 200 days. Analysts as similar to the 2017 triangle model which led to a 1300%rally. With an even longer consolidation this time, a similar rally in the $ 0.63 escape zone could push XRP at $ 8 at $ 10.
Analyst Dark Defender thinks that XRP is approaching a crucial break point. Models such as cutting, trend line pressures and fibonacci levels line up. The tightening of mobile averages also suggests that a great decision is coming. Its short -term lenses are $ 2.22 and $ 3.61, with $ 2.07 support.
