The XRP price is still an optimistic momentum despite the previous wave. After falling less than $ 2.8, the fast bounce was once again supported by supporting this level and on the path that gained more profits. With the formation of the upward trend line, the XRP price can be sitting in a time bomb prepared for the explosion, and as the bull goes back to the market, it will be sent back to the peak in July.
XRP price damage can be 20%.
According to the analysis of the CMF transaction point, the price of XRP is an important level after forming an uphill trend line. This trend line has always been optimistic and can be optimistic due to the return of the bull. Given this, the encryption analyst then provided a reasonable goal for the price of the XRP price.
The price is currently affecting the level of about $ 2.82, so it still shows that Bulls is still strong even after reclaiming $ 2.8 support. If this level is maintained and the trend line brake out is completed, the first target here is the XRP price reaches $ 3.
If this first goal is achieved, the price can be moved quickly to the next goal, which is $ 3.40. Completion means an increase of 20%, but it still provides space for sustainable possible. If the momentum is maintained, you can set the XRP price to the new highest level.
What happens if the trend line is not maintained?
If the uphill trend lines fail and the XRP price is lower, you can spell the downward trend of cryptocurrency. Analysts explain that the XRP price must actually be maintained at $ 2.20- $ 2.25 or more in order to maintain the XRP price actually valid. Otherwise it means a problem.
The failure below this level will cause the start of another decline, which can send the price to $ 2. If you keep accumulating at the level, the XRP can collide to less than $ 2, leading to another bare market.