The XRP price has soared more than 12% after the battle of the Ripple-SeC law, which began in 2020. As a result, Altcoin brought Altcoin to $ 3 and once again in charge of Bulls. However, the price of profits has slowed, and the encryption analysts suggest that the price can continue to fall to the next major support level.
The trend line descending is not enough to maintain the price.
Following the surge in Ripple-Secec presentations, XRP prices were able to break the trend line formed after the July peak. Crypto analyst HAMED_AZ emphasized in new analysis.
This was caused by the resistance that occurred just before $ 3.4 and now re -sent Altcoin to the calibration stage. So far, Bulls has been fighting this correction because Bulls has been supported by $ 3.2. But the analyst predicts that the correction will not end.
HAMED explains that the XRP price will fall again to test the previous broken trend line to about $ 2.9. This means that another conflict of less than $ 3 may be in the work, which is erased all the support built at this level.
XRP price rally continued
Although relaxation for the previous broken trend line is expected, the analyst’s chart suggests that digital assets can find more than $ 2.9. This level shows the completion of the fullback and acts as a leading lift off point that can increase the price.
This movement also placed the XRP price on the rising line of the month of June, which is consistent with the bottom of $ 2.93. When this work is completed, HAMED expects the XRP price to rise to a new all -time high.
Here, more than 35% will increase, and XRP will account for more than $ 4. If this happens, it will remove the maximum of $ 3.84, recorded in 2018, eight years ago.