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The XRP price was during the past seven days It is limited to the trading scale While investors are looking to recover the losses they incur in the beginning of February. This range is the result of the current lack of determination on the price of XRP. However, the famous Egrag Crypto encryption analyst made a detailed collapse of the XRP price path here. In particular, the most prominent analyst is the decisive support and resistance levels that can determine XRP Movement at every stage.
Low XRP price targets indicate the main support levels
sharing Seeing it on X, Egrag Crypto indicated that the last procedure indicates that the market manipulation was in play, as he liquidated the merchants who were nominated before recovery. His note It follows the acute stagnation In the first three days of February, when the price of XRP decreased to less than $ 3 and found a temporary bottom at $ 2.12. Moreover, this decrease included a tail that caused a wave of qualifiers among the merchants who were called.
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However, the analyst confirms that as long as XRP remains over a specific blue channel on the XRP chart below, expectations remain positive for the price path. With this in mind, EGRAG Crypto provided a set of lower targets that work as main support levels, emphasizing that the lower closure of any of them can indicate weakness.
Although price removal may occur, the analyst suggests that the integrity of the upper structure is still intact as long as the price of XRP does not close less than these levels. These support levels are at $ 2.21, $ 2.00, $ 1.80, $ 1.74, and $ 1.60. Less support and closure of the lowest support at $ 1.60 may indicate a final shift in feelings and Correcting deeper prices.
The higher goals indicate the potential upscale collapse
On the upward side,, Set EGRAG Crypto Apostle Price Goals that can confirm a strong outbreak if XRP successfully closes over it. The analyst set these goals at $ 2.62, $ 2.75, $ 2.94, $ 3.22, and $ 3.40. It is worth noting that XRP has already been traded higher than these goals during this session and even closed above the first four goals in the daily time frame.
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Egrag Crypto indicated that the higher the price above these goals, the more expected the more, especially over the long time frames. The collapse and closure will celebrate $ 3.40 in the first time I reached the highest new level ever In more than seven years. . Moreover, the analyst's price procedure within a range of $ 2 to $ 3.40 may be simply the market noise. Thus, the continuous closure above the levels of resistance are all required.
At the time of writing this report, XRP is trading at $ 2.55, which reflects an increase of 4.6 % over the past 24 hours. This upward movement brings XRP closer to the first target test of $ 2.62.
Distinctive photo from Pexels, Chart from TradingView.com
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