The XRP Bearish Divergence increases the re -test opportunity of $ 2. Here is something Bulls needs to do.

XRP (XRP) prices have quickly recovered the $ 1.78 multiple monitors for more than $ 2.50 on a daily chart.

However, Altcoin is faced with important tests to invalidate the main weakness signals, so that the assistant can be favored to the seller.

XRP

In the last three months, XRP’s parabolic rally has gained value at an all -time high at $ 3.40, or $ 3.40, up 580%. Altcoin has hindered the resistance level for many years, and in January, XRP recorded the highest monthly monthly monthly $ 3.03.

The recent flash conflict caused by non -Christo politics suggests that the liquidity of the buyer is slowly rising. XRP’s long -term charts have been aimed at the market, with volatility that forms a weakness of weakness in both daily and weekly charts.

As you can see on the chart, the price of XRP has formed a higher level in recent weeks, and the relative strength index (RSI) has formed a lower height. The RSI indicators of the two charts are popular in the over -purchase area, which means that the buyer is slowing down and losing the amount of exercise.

The XRP invalidates the previous difference formed in the Lower Time Frames (LTF), but the weak chart of the day and day charts raises concerns because the high frame (HTF) chart determines the dominant trend.

The potential result of these weaknesses is another movement of less than $ 2, which is 23% reduced in the current value. Altcoin has formed a new lowest level for $ 1.78, increasing probability since the new liquidity pocket was formed.

Related: Why is the XRP price rising today?

Will XRP invalidate weak papers?

The basic part of the technical analysis is that it is invalidated by each signal or pattern. Similarly, if Altcoin can maintain more than $ 2.90 in the daily chart, the weak difference between the XRP can be rejected in the Daily and Weekly Chart.

The $ 2.90 level was the top of the previous XRP in December, and it also supported the level of support after the XRP re -tested the previous highest level to $ 3.40. Binance and Coinbase Spot activities were also mainly concentrated on $ 2.90, and Altcoin was sent to more than $ 3 in mid -January.

The recovery of more than $ 2.90 will rebuild the optimistic market structure to reduce the lowest impact of XRP. However, it took time for these conditions because it prefers bears because the seller prefers bears because the seller is the market mobility for the last main price movement due to the continuous lack of clear direction prejudice.

Related: Bitcoin bull ship? At the BTC price, the BTC price level is $ 90K retreat, so look at this BTC price level.

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