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Is XRP About to Collapse? Technical Signals Indicate a Drop Below $2.10, Would You Still Buy? 😱📉💥
XRP's Downtrend is Fierce: $2.10 is the Lifeline
XRP has been struggling lately, with its price falling below the crucial $2.10 mark, hitting a new low of $1.98. Back in early April, this coin linked to Ripple was pressed down hard, failing to hold the resistance level at $2.23, breaking through the support levels at $2.15 and $2.12, sliding down like a slide. Analysts predict that in April, the price may oscillate between $1.79 and $3.00, potentially soaring by 70% after consolidation, but with the current trend, bears clearly have the upper hand.
Technical Indicators Sound the Alarm
On the hourly chart, XRP not only fell below $2.10 but also slipped below the 100-hour moving average, a clear bearish signal. Even worse, it broke the contracting triangle support at $2.08, leading to a complete technical failure. Although the price bounced slightly, breaking the 23.6% Fibonacci level of the drop from $2.23 to $1.98, this struggle does not change the overall downtrend.
April Outlook: Either a Crash or a Surge
Analyst Egrag stated that XRP is currently in a "boring phase," with sideways movement that can be quite dull, but don’t be fooled by appearances; April may see a dramatic turn. The lower limit could drop to $1.90 or even $1.79, which Egrag describes as a "short-term wick," and a drop could rebound instantly. The upper limit targets $2.80-$3.00, but that could also be short-lived. Most explosively, he predicts a rebound of 62-70% from the lowest point, and once the technical barriers are broken, the upward momentum could be unstoppable.
Key Levels: A Battle for Bulls and Bears
In terms of resistance levels, $2.07 is the first hurdle, while $2.10 is crucial, with the 50% Fibonacci level also located here; bulls must reclaim it. If it can hold above $2.10, the next stop is $2.17, and breaking through could see $2.20 or even $2.40 as potential targets. Conversely, the support level is at $2.02, with $2.00 being a psychological barrier; losing this could be dangerous, potentially heading straight for $1.98 or $1.95. Both MACD and RSI are leaning bearish, and momentum remains firmly in the hands of the bears.
Conclusion:
XRP's current downtrend is alarming, but it holds the potential for a 70% surge. Want to play? Keep an eye on $2.10, and don’t blink!
XRP's Downtrend is Fierce: $2.10 is the Lifeline
XRP has been struggling lately, with its price falling below the crucial $2.10 mark, hitting a new low of $1.98. Back in early April, this coin linked to Ripple was pressed down hard, failing to hold the resistance level at $2.23, breaking through the support levels at $2.15 and $2.12, sliding down like a slide. Analysts predict that in April, the price may oscillate between $1.79 and $3.00, potentially soaring by 70% after consolidation, but with the current trend, bears clearly have the upper hand.
Technical Indicators Sound the Alarm
On the hourly chart, XRP not only fell below $2.10 but also slipped below the 100-hour moving average, a clear bearish signal. Even worse, it broke the contracting triangle support at $2.08, leading to a complete technical failure. Although the price bounced slightly, breaking the 23.6% Fibonacci level of the drop from $2.23 to $1.98, this struggle does not change the overall downtrend.
April Outlook: Either a Crash or a Surge
Analyst Egrag stated that XRP is currently in a "boring phase," with sideways movement that can be quite dull, but don’t be fooled by appearances; April may see a dramatic turn. The lower limit could drop to $1.90 or even $1.79, which Egrag describes as a "short-term wick," and a drop could rebound instantly. The upper limit targets $2.80-$3.00, but that could also be short-lived. Most explosively, he predicts a rebound of 62-70% from the lowest point, and once the technical barriers are broken, the upward momentum could be unstoppable.
Key Levels: A Battle for Bulls and Bears
In terms of resistance levels, $2.07 is the first hurdle, while $2.10 is crucial, with the 50% Fibonacci level also located here; bulls must reclaim it. If it can hold above $2.10, the next stop is $2.17, and breaking through could see $2.20 or even $2.40 as potential targets. Conversely, the support level is at $2.02, with $2.00 being a psychological barrier; losing this could be dangerous, potentially heading straight for $1.98 or $1.95. Both MACD and RSI are leaning bearish, and momentum remains firmly in the hands of the bears.
Conclusion:
XRP's current downtrend is alarming, but it holds the potential for a 70% surge. Want to play? Keep an eye on $2.10, and don’t blink!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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