Crypto Pundit reveals what will happen if XRP price does not violate $ 2.3 – TradingView News

In the midst of current instability and market volatility, the KSRP price maintained the level of support, even as much Altcon collapsed last week. Famous Crypto Pundit has lit the level of critical resistance to $ 2.3, saying that the next move of the KSRP will largely depend on whether it can successfully break through this barrier.

XRP price on $ 2.3: make or interrupt

According to Amcript, XRP analyst, XRP maintained strong $ 2 support. Compared to other Altcoys who have experienced a serious price drop in earlier this year, the KSRP was one of the few who did not fall below the February price capitulation.

The price level of $ 2 was a key support zone that acted as an obstacle to XRP, because customers came to prevent further price drop. It is important that the XRP consolidated in the last few months precisely above this point, which shows huge resistance in the middle of wider instability on the market that loved news about tariff plans of the United States (US). However, recently XRP dropped below $ 2 and now traded $ 1.68.

Amcript shared the price, pointing out that the KSRP recently broke out of the descending triangular sample – formation that is usually associated with strong pricing moves. However, for this interruption that there is a real momentum, Allcoin must pass by the level of critical resistance to $ 2.3.

If the XRP manages to clear this resistance level, analyst predicts that its price could experience the $ 3.00 region in the amount of $ 3.00, marking new Highs. By watching the map of analysts, historically, the token experienced two strong punches from similar descending triangles. The latest triangle tested XRP break above the $ 2.3 resistance zone with strong Bullish candles.

Amcripto warned that without a decisive burglary above 2.3 Resistance of the CSRP, it will probably be limited in a wider range of consolidation. This does not hurt good for short-term swing, because it would limit further movement for cryptocurrency as it appears stronger to appear stronger.

Analyst predicts a price drop to $ 0.6

The CSRP price appears to mirror in a group trend in a wider market for approximately 20% in the last 24 hours, according to coinmarketcap. The criptocurrency also reduced 30% in the past month, emphasizing sustainable pressure on down and removing investor trust.

In the recent post in KS, Cripto Analytic Jesse Colombo pointed out a recently defect of the KSRP below key support zones, warning that cryptocurrency probably started at another price drop to $ 0.6. Analyst stressed the creation of head and shoulders on the price chart, a classic bear reverse signal that often precedes a significant move.

Using the KSRP price that currently trades $ 1.68, a decline to $ 0.6 represents a significant 64% reduction. So Amcript identified new levels of support between 2 and $ 2.2, indicating that the jump in this scope could act as a critical barrier against further act herein.