Main meals:
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The XRP price depends on the support of $ 2.75, which risk a decrease of about $ 2.07.
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High nUPL signals increase profit, the 3.18 dollar hint was the local summit.
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Some analysts insist on setting up the XRP macro, still optimistic about the price goals exceeding $ 5.
Xrp (XrpIt decreased on Monday, as it decreased by 5 % over the past 24 hours of trading at $ 2.80. The inability to maintain more than $ 3 is now in the upward trend of Altcoin, at least in the short term.
The classic XRP style targets $ 2.07
On the daily candle scheme, XRP plays a classic classic triangle formation, a declining continuity style characterized by the presence of a long -standing trend of collapse and a horizontal flat support line.
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The daily closure to the bottom of the Triangle support line can lead to a new sale, with the technical target near $ 2.07, calculated by adding the triangle height to the potential penetration point of about $ 2.75.
Such a step represents a 26 % decrease from the current price.
XRP is currently trading less than the simple moving average for 50 days (SMA, yellow wave) and SMA for 100 days (red wave), which enhances the declining bias.
SMA may save 200 days at $ 2.52 comfort for bulls, and may avoid a deeper correction of about $ 2.
Relative power index (RsiIt has decreased from 50 to 39 over the past 24 hours, indicating an increase in the declining momentum.
Net profit/unrealized loss of XRP (NUPL) may also flash warning signs. The scale is currently located within the area of 0.5 -6, which is a level historically linked to local tops.
With more than 94 % of the offer in profit At current prices, there is a possibility of an increase in the pressure side pressure. Such settings in 2017, 2021 and January 2025 preceded sharp corrections, which increases the possibility of similar decline in the next few days.
Is the price of XRP in technical correction?
Despite the withdrawal, analysts are convinced of that XRP bulls are still in control On the highest time frames.
like Cointelegraph mentionedThe price is still optimistic about the weekly candle scheme, with a Taurus science It was in playing since the November 2024 gathering, indicating that XRP may rise to $ 15.
Discover a similar setting, Cryptobull He said The XRP price can collect to $ 5 in October.
“While the low time frames (LTF) deserve to be closely monitored, the directions of the higher timeline (HTF) are still completely clear.” He said Egrag Crypto analyst in the two publication on X, indicating that continuous withdrawal can be a technical correction.
he subscriber A scheme that shows the formation of an upward triangle on the monthly graph with the target of the XRP price of $ 27.
In a previous analysis, Xforceglobal said that the overall view of XRP remained optimistic, with Elliot wave Disclosure analysis a The highest cycle is higher than $ 20 for XRP.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
