There’s already a turn in the tide for XRP , and this has naturally triggered more interest in the digital asset from 0 there is still selling pressure from bears at this time, the XRP price continues to show bullish tendencies with the possibilities of more returns from here. However, a crypto analyst has warned XRP investors to refrain from jumping into the cryptocurrency due to FOMO. Instead, they advise investors should wait for confirmation before making their 1 To Watch For Before Entering XRP In a TradingView post, pseudonymous crypto analyst Neotrader_CFT outlined what must happen before getting into XRP is a good idea for 2 the slowdown of the rally, there is now the problem of resistance against continuing its rally, and that lies at the $3 3 the post explains, waiting for the XRP price to break above $3 with momentum is the decisive move to take 4 the daily candle is able to successfully maintain and close above this level, then it signals to the market that the buyers are still heavily dominating the 5 this, the crypto analyst advises investors to wait for a break and a retest of $3.
This simply means that the price crosses the $3 region, and then a slight retrace brings it back down. However, if the XRP price is able to maintain above $3 , then it would mean that this level is now support, making it a good time to get 6 here, the next major target lies at $3.10-$3.20. The Bear Scenario If It Breaks Down Now, with the $3 region being the main level to break for bulls, it means that bears will have to keep the price below this level to maintain the bearish 7 scenario here is simply the inverse of the bullish case that was explained above. Firstly, the XRP price will need to stay below $3, and even in the event of a test, it will be rejected back down from 8 will show that sellers are dominating the market and exerting control over the 9 things the crypto analyst tells investors to look at are things like long wicks and bearish 10 this happens, it would signal a decline and a good time for a 11 bearish scenario will be validated if the price were to fall back below $2.90.
As the correction deepens, the analyst explains that the XRP price could go as low as $2.75 before the decline is over. “A clear rejection will give you a safer entry instead of guessing,” the analyst said.
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