XRP Price Prediction For March 1 | Airdrop Alert Pro

As of now, XRP is still trading below its main support transition resistance zone for less than $2.25 to $2.30. It turns out that the field is a key level for the price of coins, and any attempt to make a higher place here may face resistance. If XRP does experience a short-term rebound, traders should pay attention to resistance within this range.

Current support level

XRP found some support in the range of $1.95 to $2. This is an important area and has been the price of XRP in recent weeks. In fact, the price has recently bounced from $1.95, which is a frequently-appearing level of support.

Short-term prospects

In a smaller time frame, XRP triggered an oversell signal, indicating a potential short-term relief. Historically, when XRP’s RSI is oversold, it has resulted in Some bullish relief In the next 1-3 days. However, this does not guarantee a long-term reversal.

Bearish divergence and bigger trends

Despite the short-term bounce, XRP’s broader market structure remains bearish. A larger bearish difference can still be seen on the chart, and no signal has appeared to invalidate this trend. This suggests that XRP is still in a downtrend state, characterized by lower climaxes and lower lows.

• Please read also:
• Crypto market has recovered: Is this a rebound or a bull trap?
• ,,,,,

Key support levels

On the other hand, the $1.95-$2.00 range continues to act as a key support area for XRP. If the price is below this level, it will invalidate the currently bullish short-term setting. The next key support to watch is $1.77, which is an important level.

Medium-term scenarios

If the price of XRP is higher than the $1.95-$2.00 range, then in the medium term, the price is still likely to climb. However, as the larger trend remains cautious, the outlook remains cautious. A major breakthrough will require a relocation of over $2.36 and ultimately $2.83 to indicate a true reversal.

FAQ