This crypto analyst correctly predicted XRP's drop below $2
A fresh XRP price prediction predicts the cryptocurrency's next negative move. A crypto expert who forecasted XRP's slide below $2 has published a more detailed view, highlighting critical support and resistance zones that will decide its next objective.
XRP Could Fall To $1.5
The market slump and lack of positive factors are causing the cryptocurrency to lose gains. MMBTrader posted a technical graphic confirming his pessimistic XRP prognosis.
The TradingView crypto expert saw a Head and Shoulder pattern on the XRP daily chart with three peaks: left shoulder, head, and right shoulder. A traditional Head and Shoulder pattern is one of the most typical signs of a cryptocurrency market breakdown, with bullish to bearish price movement.
The price chart shows that XRP is bearish if it breaks below the neckline at $1.95. If the Bitcoin breaks $1.95, it might plunge 50%. This big drop would lower the price to $1.5 or $1.2.
MMBTrader predicts a drop to $1.5, but he also sees a significant comeback for XRP. The expert said if the cryptocurrency consolidates at $2 without falling, it might rise to new highs.
A TradingView analyst also expects the asset to recover to $5 following its forecast 50% price drop. He says that if XRP can sustain $1.5, a significant reversal might ignite a bullish surge between $4 and $4.5.
Whales Grab $385 Million During Market Downturn
Whales are buying XRP on the dip when the market declines, acquiring a lot of the cryptocurrency. According to crypto expert Brett, an XRP whale bought over 167 million XRP worth $368.4 million in one transaction.
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jmbnu
Ela só caiu porque BTC caiu 10% queria o que ?
