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💥 $XRP price may further fall to $1.5 if this support level cannot hold
Despite the rebound from the low point of the bear market recently, a crypto analyst predicts that the price of Ripple may fall further to $1.5. The analyst pointed out a key resistance level that Ripple must hold, otherwise it will fall to a new low and wipe out recent gains.
🔸 Analysts predict XRP prices to fall to $1.5
MadWhale predicts that the price of Ripple may fall to below $1.9 to $1.5. Analysts revealed that Ripple is currently in a downward trend, creating lower highs and lower lows, indicating a bearish market structure. According to his price chart, the cryptocurrency is also trading within a descending channel and quickly approaching a key resistance level.
The key $2 level is considered a psychological barrier, and sellers may emerge, further triggering downward pressure on cryptocurrencies. If there is a rejection at this $2.00 resistance level, MadWhale points out that the next support area and downward target will be around $1.90, representing a 17.62% fall in value.
Despite rising from the low point of the bear market in the recent rebound, a crypto analyst predicts that the price of Ripple may fall further to $1.5. The analyst has identified a key resistance level that Ripple must hold, otherwise it will fall to a new low, erasing recent gains.
🔸 Analysts predict #XRP price will fall sharply to $1.5
Cryptocurrency analyst MadWhale from TradingView shared a new price analysis focusing on the future price potential of Ripple. The analyst emphasized his strong track record in cryptocurrency trends, highlighting his accurate identification and hitting of all profit targets.
MadWhale predicts that the price of Ripple may fall below $1.9 to $1.5. Analysts reveal that Ripple is currently in a falling trend, consistently creating lower highs and lows, indicating a bearish structure.
#Ripple
{spot}(XRPUSDT)