Is XRP price about $ 2 opportunity or end of the bull market? Analysts harder

XRP (XRP) fell nearly 40% to about $ 2.19, two months after he hit a perennial height of $ 3.40. CryptoCurrency monitors wider sales sales on the market held by the Trading War President Donald Trump’s despite the Bigs as SEC drop its case against the riples.

However, the KSRP is still 350% since its November 2024. years low from $ 0.50, proposes the consolidation phase after strong rally. This action in Boka caused a discussion about whether it was the end of the bicologist or opportunity to buy.

No purchase options until XRP further falls

XRP consolidated between $ 1.77 (support) and $ 3.21 (resistance) from January, with repeated rejection near the top of the range and fading bikar swing.

Toward CRETEBULL CRIPTO analystThe recent attempted bounce of XRP was stopped below $ 2.20, reinforcing bears control. Now expects the price to review that the range of schedules about $ 1.77 for a potential long intake.

Green support in the form of a rectangle on the chart covers only $ 1.50, signal the high demand zone in which the bulls could enter.

Short-term Marketvyvyvyvil who led primarily Bitcoin (Btc) – Possible to run temporary recovery, claims Credibub, emphasizing that only pure breaking over $ 3.21 would confirm the rotation of a bullet trend.

Until then, the CSRP remains on the side structure, and Credibull’s strategy focused on viewing reactions at $ 1.77 support before committed to a long position.

XRP Bull Flag can lead to 450% sets

Credibulb pointed out XRPs crossed between 1.77 and $ 3.21 as consolidation zone, waiting for a clear interruption to confirm the next trend. It is interesting that a very range can form a bike flag, according to analyst Stellar Babe.

A taurus for the flag is formed when the price is combined within the parallel channel after it is a strong posttrend. It is solved when the price breaks above the upper level and increases is as the height of the previous magic.

Related: The price XRP can fall by another 40% because Trump Tariffs transfer traders risk

Stellar Babe Analysis records that if the XRP breaks above the top limit of the flag of $ 3.21. Its projected target, based on the flag height, is about $ 12, about 450% of the current prices.

XRP’s five-year channel hints on the rally at $ 6.50

XRP is currently consolidating in a long-term bullish structure, according to recent InvestingCope Analysis.

The chart shows the KSRP trading within a five-year-old war channel, with the current move that reminds of March 2020. Until April 2021. years based on prices and current indicators.

Despite the return, the wider cycle of the Bakara remains intact until the KSRP is above 50-week movements (1V MA50).

InvestingCoope notes that this phase mirror is 2021. year, which preceded a strong interruption. If the form continues, the price of XRP could be prepared for your next leg with a potential goal of $ 6.50 in the coming months.

This article does not contain investment advice or recommendations. Any investment and trade of trading involves risk, and readers should conduct their own research when making a decision.