Is the XRP price of about $ 2 or is the end of the bull market? Analyst’s weight

XRP (XRP) has decreased almost 40% after two months after a year -over $ 3.40. Cryptocurrency is tracking a wider market for sale by President Donald Trump’s trade war, despite optimistic news, such as the SEC’s withdrawal of Ripple.

However, XRP still increases 350% from November 2024 at $ 0.50, suggesting an integration stage after a strong rally. The action to this side triggered a discussion on whether it was the end of bull run or a major purchase opportunity.

There is no chance to buy until the XRP falls further

XRP has integrated $ 1.77 (support) and $ 3.21 (resistance) since January, with repeated rejection and optimistic propulsion near the top of the range.

According to Credibull Crypto, an analyst, XRP’s recent bounce attempts have been suspended to less than $ 2.20 to strengthen weak control. He is now expected to visit the range of about $ 1.77 for a long distance entrance.

The rectangular green support on the chart extends to $ 1.50, indicating the high demand for bulls.

Bitcoin (BTC), which mainly starts, can lead to temporary recovery, and Credibull emphasized that only clean brake out of $ 3.21 will confirm this strong trend.

Until then, XRP remained sideways, and Credibull’s strategy focused on watching the reaction at a level of $ 1.77 before promising a long position.

XRP BULL FLAG can lead to a price rally of 450%.

Credibull is between $ 1.77 and $ 3.21 sideways, and waits for a clear brake out to confirm the next trend. Interestingly, according to the analyst’s Stella Baby, the range can form a bull flag.

The bull flag is formed when the price is integrated inside the parallel channel after a strong rise. It is solved when the price rises from the top trend line and rises by the height of the previous rising trend.

relevant: Trump tariffs can reduce XRP prices by 40% according to Spook Risk Traders.

Stellar Babe’s analysis points out that XRP cuts the upper limit of the flag to $ 3.21. The expected goal based on the height of the flagpole is $ 12, up 450% from the current price.

The 5 -year channel of XRP hints $ 6.50 in Rally.

According to the recent analysis of InvestingSCOOPE, XRP is currently integrated within the long -term strong structure.

This chart shows XRP transactions in the uphill channel for five years, and the current movement is similar to the rally from March 2020 to April 2021.

Despite the full back, the wider range of strong cycle is maintained as long as the XRP exceeds the 50 -week moving average (1W Ma50).

InvestingSCOOPE is in a mirror in March 2021, which was before a powerful breakout. If the pattern continues, the XRP price will be prepared for the next leg with a potential goal of $ 6.50 for the next few months.

This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.