The fall of XRP is now encouraging as experts believe that as long as XRP holds above $1.94, it can be profitable. Xrp
This drop coincided with a widespread market crash that affected about 584,000 traders. Interestingly, this market crash coincided with #Ripple CEO Brad Garlinghouse's recent appearance on the 60 Minutes program, which further increased interest in XRP: when #XRP tested the low $2 range, Kazi improved her analysis to reflect the current situation. She noted that the 0.382 retracement coincides with XRP's Fibonacci extension targets, specifically its all-time high (ATH) at $3.50. However, she emphasized the importance of the $1.94 support level: recently, XRP hit a low of $BTC 96, recording an intraday loss of 14%. Fortunately, XRP has since shown signs of recovery. If it falls again, support at $1.94 will be crucial for bulls. Earlier, Kazi described two possible price movement scenarios when XRP was trading at USD 2.40. The first scenario is a correction within the ABCDE pattern. If this correction is supported by the 0.236 Fibonacci level at USD 2.31, the next bullish wave could push XRP to USD 3.74 and break the ATH; in the second scenario, a deeper correction could follow the ABC pattern. In this case, the completion of wave C at the retracement level of 0.382 ($1.94-$2.04) could open the way for a recovery with XRP's ATH target at $3.50. A break above this resistance, which has been identified as support, could resume bullish momentum and establish an important gap up zone between $3.50 and $3.74. Analysis of the Kaj hourly chart confirms these scenarios and indicates that recent price action is forming a downward pattern, suggesting a possible completion of the correction. Important support levels include the 0.236 retracement at $2.31 and a broader range around the 0.382 level between $ 1.94 and $ 2.04.
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