Ripple’s local token XRP is on an important price band while watching around $ 2.23. According to analysts, XRP Coin is currently a significant obstacle. Experienced analyst Ali Martinez says that XRP is likely to re -test $ 1.60 if it loses $ 2.
2 Dollars for XRP Coin Critical Support: Cards have a drop to $ 1.60!
Crypto analyst Ali Martinez warned that a price drop below $ 2 could trigger a significant decrease. “A space under 2 dollars, under 2 dollars, can draw the price of XRP to $ 1.60,” he said.
Looking at a graph from Glassnode, the UTXO price distribution (URPD) is a worried “air gap” between $ 2 and $ 1.60. This “air gap” essentially means that there is no very important purchase activities in this price range. As a result, if the XRP is based on $ 2, there is not much support to stop a rapid decline in the next main demand zone around $ 1.60.
Historically, when an asset falls to an area with very little transaction volume, it tends to move quickly to the next level where it is interested in buying or selling. The fact that a significant portion of the prices are around $ 1.60 strengthens the opinion that Martinez may act as the next critical support if the sellers continue to be dominant.
The SEC Case continues to print on XRP!
It is not possible to discuss XRP without mentioning the ongoing SEC case. In January, the speculation of SEC’s speculation in which the Ripple case can withdraw the appeal in the Ripple case enabled the price of XRP Coin to rise to approximately $ 3.40. However, the ongoing uncertainty surrounding this legal war continues to be an important factor that contributes to the price fluctuations of XRP.
As you have followed from Kriptokoin.com, Bill Morgan, a pro -crypto lawyer, expressed concerns that the long -term silence of SEC could create an increasing pressure on the price of the XRP. In addition, wider economic factors, including President Trump’s tariff policies and developments in crypto strategic reserve assets, played a role in shaping the orbit of the XRP.
Technical view of XRP Coin price
According to the XRP daily graph below, the relative power index (RSI) is currently around 46.24 and shows the neutral momentum. However, the direction of the RSI line points to a downward trend, which is seen to be weakened by bull power. If the RSI continues to decline, the XRP can really fall more.
In addition, the upper Bollinger band is currently $ 2.71, while the price of the XRP is trading at $ 2.3 below the middle line. In particular, there is a significant support in the lower Bollinger band, ie $ 1.95. The XRP may re -test the sub -band and can potentially lose the price level of $ 2 potentially. However, a clear break below $ 2 may confirm Martinez’s estimation of a decrease to $ 1.60.
XRP price is in danger: profit realization can reduce
