The price XRP loses key support and forms the Cross of Death

XRP Price placed on Monday, such as Criptocurrenci Sale received money, and techniques indicate a drop to $ 1 and lower.

Ripple (XRP), cross-border token focused, fell to a low level of $ 1.6,1185, the lowest level from November last year.

Mint crashes due to a continuous parserial accident that launched Donald Trump’s Day Liberation Day Speech. This speech and rally from China pushed more analysts to predict that they will now have a recession this year.

Goldman Sachs Analysts launched their recession quotas at 45%, from last week’s 35%. Similarly, experts from JPMORGAN, Wells Fargo, and Citi warned of the sustainable slowdown of economic slowdown unless Trump changes the course on tariffs.

On the positive side, the recession could act as a colleague for cryptocurrency and other risks of risking federal reserves to reduce interest rates.

Meanwhile, some famous crypto analysts warn of the long-term market. Ki Young Ju, Founder of the Kruptocuant, warned that it was in the course of cryptolog It could take 6 to 12 months.

TECHNICAL INSTALL IN FURTHER PAST PRICE KSRP

The daily shows that Ripple continued its recent decline of falling and moved to $ 1,6185, for over 52% from its highest levels this year.

Money broke under several key support levels during the fall. He significantly fell below the level of psychological $ 2, which were defended by the bulls for months. It was also moved below 1,9193 dollars, 50% of 50% redebration levels and neck and shoulder samples.

The sample of the head and shoulders is the common bearing lighting consisting of three tops: head (to 3,4220 dollars in this case) and two shoulder (to $ 3). The decay below the neckline usually confirms the bear trend.

Worse, the price of fish moved below $ 1.80, where a false breakdown gave in February. She also formed a death sample in the form of a 50-day and 200-day weighted movement of each other’s movement.

The MMA is often more responsible than exponential moving average because it sets more emphasis on recent data. The KSRP also moved under low stop and reverse level at Murrey Math Lines.

Given these factors, the most likely scenario is that the price of Ripple falls below the psychological brand $ 1 and falls to $ 0.93.99. This goal was obtained by measuring distance from head to neckline, and then applying the same distance down from the neckline.