$XRP $XRP

Strategist Shares Ideal Higher Timeframe Entries

According to the analyst’s chart, the support area around $1.8185 is a potential buy zone for $XRP Notably, the asset has rebounded twice from this area, reinstating the strong demand wall around this crucial support.

For context, XRP bounced from the zone on December 10 after capitulating to an intraday low of $1.9010. Also, the digital asset repeated the same price action ten days later, rebounding from another low of $1.9584.

Meanwhile, Van de Poppe pointed out that $1.5764 is another demand zone where bulls should consider buying XRP. Last month, the former supply zone temporarily impeded XRP’s bullish momentum before the coin successfully flipped the area.

The analyst stated that XRP would retest higher timeframe supports, and he expects either of them to hold. Moreover, the rebound from either support will spur a retest of the December high and, subsequently, XRP’s all-time high.

In the meantime, XRP trades at $2.0699, below the 20-day EMA, which analyst Dom speculated was the bearish territory. The asset has corrected over 7% in the past seven days, mirroring a broader market downtrend.

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