Why This Resistance Could Trigger Another XRP Price Crash Soon

A recent analysis by ￰0￱ on TradingView shows that the XRP price is facing a tough resistance zone after its recent ￰1￱ market is still showing signs of instability after earlier liquidations, and both XRP and Bitcoin are now moving into areas where another correction could ￰2￱ to the analyst, XRP’s price movement is part of a broader correction phase following a strong ￰3￱ there has been some recovery, the move appears weak, and a new drop may form if XRP fails to push above ￰4￱ Price Faces Strong Resistance After A Sharp Sell-Off According to R. Linda’s analysis, XRP is now forming a correction after a strong ￰5￱ cryptocurrency market as a whole is slowly recovering after a period of heavy liquidation, but signs of weakness ￰6￱ Bitcoin and XRP are moving toward a zone of strong resistance, which could bring back selling pressure in the short ￰7￱ Reading: Analyst Sends Message To XRP Investors: If You Don’t Do This, You’ll Get Wrecked As XRP approaches this level, the market could see a slowdown or even a price ￰8￱ warns that this resistance zone could trigger renewed selling as traders may choose to take profit instead of buying ￰9￱ could lead to another decline, continuing the correction phase that started after the recent ￰10￱ now, the market is pausing before making its next big move rather than preparing for a strong ￰11￱ XRP price short-term trend remains fragile, and the analyst advises traders to be careful with quick upward moves that lack solid technical ￰12￱ Analysis Shows Breakdown And Possible False Breakout Linda’s chart shows that after two months of consolidation, the XRP price broke below the support of its trading range, confirming a structural ￰13￱ price is now reacting to that move and is in the middle of a ￰14￱ is currently testing the liquidity zone between $2.70 and $2.7266, which is an area where the price could face heavy resistance and possibly start another ￰15￱ Reading: What The Weekend Liquidation Event Meant For The Dogecoin Price, And What Could Happen Next The analyst marks essential resistance levels at $2.70 – $2.7266 and $2.8286, while the key support sits near $2.5050.

A failure to stay above these resistance levels could trigger a quick drop toward ￰16￱ also points out that a sharp rise without strong technical strength could cause a false breakout, meaning the price may briefly rise above resistance but quickly fall back ￰17￱ such a false breakout happens, the XRP price could correct down toward the $2.5050 level again, making the current price zone risky for both new buyers and short-term traders. Overall, R. Linda’s view is that traders should approach the current XRP rebound with ￰18￱ resistance zone remains a key turning point, and unless XRP breaks above it with strength, another price crash could soon ￰19￱ image created with Dall.

E, chart from ￰20￱