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The last price movements of XRP followed a pattern that Javon Marx, the encryption analyst, believed to the possibility of mobilizing a strong continuity. Sharing his analysis on the social media platform X, Marx referred to the “hidden bullish difference” on the daily candlestick scheme from XRP. Despite the constant collapse of prices, existence This difference ascending It opens new emerging goals for the XRP price.
The XRP price increases, but the hidden upward difference indicates the next step
XRP price I faced fixed downward pressure During the past week, with a decrease in condensation during the past 24 hours. At the time of writing this report, XRP has decreased by approximately 13 % over the past 24 hours, which is about to re -test the decisive support level at $ 2.
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However, an interesting analysis shows that this decline is part of a The difference in the hidden bull The pattern, where both the price and RSI indicators create a series of altitudes and decrease in the timeline of the candlestick for one day. This interesting style is characterized by its highest level and its highest level on the XRP price scheme, while there is a series of low levels and low altitudes on the RSI index. It is known that this different composition between the price of encoded currency and RSI is optimistic. In particular, it indicates that the pressure pressure that RSI has shown can slow down.
Javon Marx emphasized that XRP Prepare for “A huge wave of continuity” and the technical assurances necessary for such a step already exists. This confirmation depends on Earlier February 18 analysis, as the hidden bullish difference described as a textbook.
The opposite is broken soon? Price goals to watch
According to Javon Mark dropping, the upscale step will witness that the price of XRP ultimately creates a higher height, as expected in the upper difference. In terms of the target of the specified price, Mark's dropping shows that the next peak can reach at least $ 3.80. If you realize, this would push XRP to what is higher than its highest level ever at $ 3.40.
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However, this view depends on the price of XRP Above Support the bullish difference at $ 2. Any continuous collapse below this threshold can challenge the power of the expected assembly and change the bullish view.
In addition to this perspective, Marx also noticed the similarity between the unification of XRP in the past few weeks since it reached $ 3.36 and unified after a strong gathering in the first half of 2017 after a strong gathering.
Although the current monotheism stage has lasted longer than those observed at the time, both configuration share the main structural similarities. The unification of 2017 ultimately led to the continued payment of the XRP price to its highest new levels. If history repeats itself, the current monotheism may also be an introduction to other men.
At the time of this report, XRP is traded at $ 2.15, a decrease of 13.2 % and 15.9 % in 24 hours and seven days, respectively, and Now at risk of loss Support $ 2.0 soon.
Distinctive image from Adobe Stock, Chart from TradingView.com
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