Senior analysts say that XRP will decrease by 30 % to $ 1.55: Here is the reason

XRP can be for a noticeable declining direction, as an analyst in the prominent market expected a sharp decline in prices to less than $ 2.

The assets had a purple patch last week after an increase of 8 % from $ 2.07 to $ 2.30. Only when optimism began to crawl, Xrp All her previous gains witnessed this week. For context, the distinctive symbol decreased by 3.9 % of the opening price on Monday and 8 % of its highest level in the week of $ 2.36.

At the same time, XRP is not alone in this recession. Follow the code for a wider market, which witnessed the Bitcoin struggle to carry 95,000 dollars and a decrease in ETHEREUM to less than $ 1,800.

More impending aspects?

However, according to Block Ball analyst, the worst on the horizon of XRP may remain. On April 29 X postMore negative aspects, specifically targeting a lower decrease than the support zone, expected $ 2 decisive.

For the context, the market analyst was martyred by the rejection of XRP by the bull science pattern on the daily time frame. The code was unable to overcome the resistance in the area, in the end it declined by more than 8 % so far.

After this recession, the suspension predicts a severe decrease in the price to $ 1.55, which represents a 30 % decline from the top of the canal and 28.6 % of the current market price. It is worth noting that the price sign is in line with the lower science style.

Meanwhile, Block Paul insists that the potential coup was temporary and perfect entry. Investors urged to keep their bags, as whales benefit from this type dumps to make the utmost profits.

Support is still a contract

However, BitGuru analyst High In a parallel tweet despite the negative side of XRP, it still holds a decisive support area. High relevant assets have corrected more than 6 % in the past two days, as they fell from $ 2.30 to $ 2.15, however the analyst indicated that he had been held above the scope of unification on the time frame for one hour.

Meanwhile, the market observer indicated that the trend over the support of the domain at $ 2.15 may raise a rapid recovery to about $ 2.25 and possibly the highest prices. Interestingly, another analysis Suggest The currency can be pumped to $ 5 next month, which is the highest new level ever.

Meanwhile, XRP is trading at $ 2.17, a decrease of 3 % since the beginning of the day.