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The XRP price is a Make-o-break moment While struggling to hold a critical technical level as it navigates in more uncertainty of the market. In a recent report, a cryptographic analyst issued a Stark warning for XRP holders, highlighting him The cryptocurrency risks crash at $ 1.9 if it cannot delete a key price level.
Xrp price risks that descend to $ 1.9
According to a analyses Presented by Crypto “Dom” analyst on X (previously Twitter), the XRP price could soon prepare for a serious accident. The analyst revealed that the cryptocurrency recently tested the peak of a 100 days Trendline descending—An area that also coincided with the elections Weighted average price of the volume (VWAP) And the monthly Vwap.
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This convergence of technical indicators has become a critical battle station between bulls and bears. While buyers try to stop further drops and push the price XRP higher, the refusal of this apex indicates weakness and increases the Risk of reverse move.
The analyst’s graph shows that the XRP price is struggling to stay above an mid -range support level, visually marked by a horizontal gray box between $ 2.05 and $ 2.1. Failure to eliminate this area could trigger a significant drop in $ 1.9, which Dom identified as the next key support area.
On the overturning side, a break above $ 2.12, in which more VWAPs are stacked, would report an immediate bullish review and potentially mark the beginning of a new upward trend. Dom also underlined the urgency of XRP which resumes the level of $ 2.12. If the bulls are unable to do it, the cryptocurrency structure remains vulnerable and could correct down any time.
Since the XRP price is currently at $ 2.3, the analyst has identified Target up to the head on its graphic designer. If XRP breaks above its current price, the analyst expects to return to $ 2.47, a level that would act as a long -term dynamic resistance.
XRP must break $ 2.3 to reach $ 3
In a recent X postA cryptographic analyst known as “Lord Crypto” stressed that XRP is showing Signs of a potential breakout While it emerges from the hyper -time territory with more bullish catalysts approaching. After weeks of consolidation Near the support area of $ 2.00, XRP is now testing the level of resistance to $ 2.30.
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Technical indicators and market trends seem to favor bulls. THE Relative stochastic resistance index (RSI) Shown on the price graph, it reversed upwards by the surcharge areas, indicating a possible renewed purchase pressure.
The analyst also indicated the possibility of a Approval of the ETF XRP As a bullish catalyst. Also, he highlighted Ripple’s victory over the United States secwhich puts an end to the cause that lasted for four years.
In particular, a trading near and supported above the level of $ 2.30 could allow XRP to direct higher levels of resistance around $ 2.52 and $ 2.91. Once this happens, the XRP price could even recover the maximums over $ 3.
First floor image from Getty Images, a graphic designer from Tradingview.com