XRP has seen some uprising recently, but analysts believe it can prepare for a larger move as soon as possible. This week, the XRP dropped slightly by about 0.3%. While some cryptocurrencies have seen a bit of sale, this little sinking in XRP is not a huge concern for most investors. The price still remains above the support levels.
There is still uncertainty about whether XRP has begun the next major move. In smaller timeframes, no clear breakout is formed, even if the price makes higher and higher lows – a positive sign.
Price correction may end
Crypto analyst said Dark Defender XRP recently faced the opposition to $ 2.22 and $ 2.36, with prices back to $ 2.13. He believes this pullback is expected and the market is preparing for the next move, as long as the XRP holds above the $ 2.00 level.
The Dark Defender also shared his long -term perspective. He said the XRP was at the final phase of a fifth wave structure and hoped it would lead to higher prices. He predicted the first move to $ 3, followed by additional acquisitions with targets of $ 4.40 and $ 6.30 if the pattern continues. The main support to watch in the short term is $ 1.88.
However, some analysts warn that short -term trends are not yet clear. The recent -price movement of the price has become choppy, and there is no strong sign of an upward impulse. A confirmed move above $ 2.25 will help the signal that a new rally has been carried out.
