Line between Buk’s continuation and decay

The KSRP is facing a key test to $ 1.50, a level transferred from key resistance to the basic support zone. From breaking above this level last year, the property remained above it, signals a potential potential momentum. However, the next few weeks will be critical in determining whether this level of support can be retained.

A $ 1.50 area played a significant rope in Ripple (XRP) Action Price from May 2022. Years. Over a year in relation to it struggled to break over this resistance. Once last year last year, he opened the door for further movement up.

Recently, $ 1.50 resulting in a strong bounce, indicating that the market was watching this level as a solid support zone. The key question is whether the KSRP can maintain its position above $ 1.50, any decomposition below this critical support could signal the shift in feeling and potentially lead to significant correction.

Key technical points

• $ 1.50 hold historical weight: Original resistance from May 2022. years, now key support after large interruption
• Support support zone: VVAP EN Level and horizontally repetitive are equated to $ 1.50, reinforcing it as a strong technical floor
• The volume profile is crucial: The volume of the volume suggests indecision; Spike could signal the restored momentum

The price price above $ 1.50 is an important development, which marks the transition to the market structure. Earlier, this area was acted as a major obstacle with multiple rejection, but now was broken and violated in support, she became crucial for maintaining a bical trend.

If the KSRP can consolidate above this level, it strengthens the case for higher goals, with 1.70 to $ 1.80 as a logical tracking steps. Holding $ 1.50 would confirm that the structure of biking remains intact.

On the turning side, the declining volume took care of the traders should follow. Typically, low volume during the consolidation phase indicates indecision of the market. In order to take place, the volume must increase significantly. A volume spike while will be kept above $ 1.50 confirmed the market preparation for pushing more. In contrast, the extension of low volume and breaking below $ 1.50 could indicate a fading momentum.

Psychological significance $ 1.50 can also be ignored. It was in Pivotal and for short-term and long-term traders. Maintenance of the above position is necessary for the current trend to continue. If the KSRP does not hold this level, a $ 1.40 can become the next major support, but it would suggest a deeper withdrawal and challenge the current Bukovsky look.

What to expect in the upcoming price of the store

That KSRP maintains its swing, holding above $ 1.50 support zone is necessary. The consolidation period above this level could set the stage for renovated rally, with $ 1.70 $ 1.80 as the following key resistance zones.

However, the breakdown below $ 1.50 would cause immediate compensation. In this case, traders should watch $ 1.40 support zone for potential stabilization. The most important monitoring factor is a volume, a meaningful increase would signal the market readiness for the next leg.