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The XRP price maintains more than the main support levels after a 20 % aggressive decrease since last Sunday. The bulls have lost control, but despite the pressure pressure, the XRP remains strong above the 2 dollar sign – a critical level that should be carried to prevent further decreases. The recent decline added to the uncertainty in the market, as investors search for stability marks.
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Supreme analyst Ali Martinez shared an analysis on X, and revealed that XRP explodes from an upward parallel channel, indicating a possible negative side. According to Martinez, XRP can target $ 1.65 if the collapse continues, making the next few weeks it is very important to make its price.
The total market is still under pressure, as Altcoins struggle to restore the main levels. Bulls can press for recovery if XRP can stick to more than $ 2 and restore momentum. However, failure to defend this support may lead to a deeper correction, which leads to additional pressure on the broader encryption market.
XRP bulls are trying to restore momentum ascending
XRP is traded less than the main levels as it tries to restore up bi -price procedures amid the sales of the broader market. The entire encryption market exposed to pressure after Bitcoin lost its weekly support, which led to panic and increased the pressure pressure across Altcoins. XRP, like most of the main assets, has struggled to stick to his land, and decreased sharply over the past few days.
Martinez analysis on x It reveals that XRP explodes from an upward parallel channel, indicating a potential decrease. According to Martinez, XRP can target $ 1.65 if it fails to obtain current demand levels. This collapse is in line with the weakness of the total market, as it fights the bulls to restore control.
Despite the declining expectations, XRP still exceeds $ 2.20, as buyers try to defend the price from more declines. The short -term selling pressure appears to fade, and if the bulls can maintain support above this level, the recovery may be on the table. However, if XRP fails to recover 2.40 dollars soon, the bears may control control and pay the price down.
The next few days will be very important to XRP price procedures, as the market is looking for a possible reflection or the ongoing passive side.
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The price exceeds the main support
XRP is trading at $ 2.22 after a short period of time to $ 2.05, following the last wave of the sale pressure that shook the entire encryption market. The price has been struggled to restore higher levels with fear and uncertainty in controlling morale. Investors closely monitor a possible recovery, but the bears remain under control at the present time.
In order for XRP the momentum, the bulls must keep the price higher than the 2.20 level and prove it as strong support. The constant reservation at this level can pave the stage for the recovery equipment, with the following key resistance about $ 2.40. However, if the pressure pressure and XRP failure to maintain its current support are intensified, the $ 2 sign will be the last stronghold of buyers.
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If XRP decreases to less than 2 dollars, the additional downside may follow, which may pull the price to a decrease in demand areas. On the other hand, a rapid bounce of more than $ 2.30 can indicate a transformation in the momentum, allowing the bulls to restore control and pay the price about $ 2.50 and beyond. The next few days will be very important for the short -term price procedures for XRP, where investors are looking for strength signs amid the continuous market fluctuations.
Distinctive image from Dall-E, the tradingView graph
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