Here’s Where the Crypto May Trigger a Strong Rebound!
Correction of the encryption market causes XRP price From a height of about $ 3.12 to a low price of less than $ 1.8. Therefore, the market value of tokens lost more than $ 10 billion, and as Tether recaled its position, it was rushed out of the previous three cryptocurrencies. In the past 24 hours, XRP has faced more than $ 97 million of more than $ 97 million in long -term liquidation, which is the highest level after Ethereum and Bitcoin. On the other hand, USDT & BTC has formed a low point of the XRP mark, which further aroused concerns about the next price rally.
At the same time, as the tokens are rising rapidly, the price of BTC has recovered $ 96,000, and the market is showing some elasticity. As a result, the XRP bull also increased slightly by more than 10 % after a 25 % callback. Does this imply that the status of lolling dominance? The price of XRP will rise and reach the level of loss of more than $ 3, or consolidate about $ 2.5 for a period of time?
The price of XRP has broken the upward trend. Since the breakthrough in November 2024, this trend has been strong support. What followed was that since the breakthrough, the super trend has become a decline for the first time, which implies the changes in market dynamics. At the same time, tokens, as a temporary support of 0.618 FIB with a temporary support of $ 2.3. As the cryptocurrency received the huge support of the Bulls after the monthly low, the possibility of rebound was flashed to $ 2.8.
During the period of being believed to be rising strongly, some indicators show that seeing the falling cloud may not fade so easily. The DMI or direct motion index tracks the changes in market trends, and shows the huge deviation of the+DI and-Di lines that are about to watch cross-border cross-border. In addition, the ADX triggered a reversal of the bullish hint and rose towards the strength of the rally. Therefore, it is expected that the rally will continue to continue in the current direction, which may bring more risks to XRP prices.
Therefore, the price of XRP may remain under the influence of the loser until it has a loss of $ 2.6 with a 50 -day MA. Outside of this range, recovery may be sharp. Otherwise, it can extend the level of levels below $ 2.5 until the market conditions are relieved.
