With a decline in the crypto money market, XRP Coin began to lose altitude. Following yesterday’s bull trap, a market analyst shared the level that XRP had to recover to reduce the decrease momentum and maintain the rise trend.
XRP Coin is on its journey to Rollercoaster!
As you followed from Kriptokoin.com, the XRP CoIN hunted both bears and bulls in both directions with a sharp movement. First, with an increase of 5 %with the acceleration of Ripple’s last license, it rose to $ 3,2137, the highest level of daytime. However, at the closing of the day, he returned most of his earnings.
The double -sided movement liquidated the positions worth $ 11 million in the last 24 hours. In addition, late unloading deleted Long positions worth about 7.40 million dollars from the crypto market. An analysis in the midst of uncertainties has demonstrated a very important level that the XRP has to achieve in order to maintain the rise acceleration.
Analyst shared the level of life for XRP: $ 3,22!
Market analyst Nebraskangoooner stressed that the price movement on Tuesday after the rejection of $ 3,221, a fibonacci extension of 1,337 Fibonacci. After the XRP Coin reached the level that the analyst called the “Taurus trap tür yesterday, it declined. Following the price tendency, the analyst claimed that he would continue to push the Fibonacci level where XRP was rejected yesterday. Successful re -testing and overcoming the price range will push XRP at higher prices.
However, Nebraskangoooner warned that if the XRP could not reclaim the critical level, there would be more tendency towards the south. A attached graph shows that if the decrease momentum increases, the XRP may drop to $ 1,9622.
XRP Price Movement. Source: Nebraskangoooner3 Dollars for XRP Coin continues to support significant support
Meanwhile, if the XRP makes a downward turn, you will have to explode the support level in the $ 3 region. While the whales continued to accumulate in the area, the demand wall was enough to prevent further decrease of XRP.
Analyst Ekrag Crypto has accepted this bad situation in a recent post. He said that the bulls actively buy XRP every time when he fell below $ 3 for a short time and revived the emotions that the asset will continue to hold the demand zone. Meanwhile, the XRP recovered from yesterday’s lowest levels. During the article, the XRP CoIN is traded for $ 3.06 with a market value of $ 176 billion.
