The CRIPTO analyst reveals to collide the KSRP Price Short-term, here is the goal

Outlook price XRP took an unexpected turn as one of her most of the fiery supporters, Egrag Cripto issued a short-lived forecast for bearing. Known wide the crypto community for its unwavering Bullish apartment on KSRP, the last forecast of Egraga caught many surprises. In the post he shared at the Social Media CS, analyst warned that the current market structure could push the KSRP into a significant short-term decline before any significant recovery takes place.

CRIPTO EGRAG warns of potentially drop in $ 1.24 before rally

According to the CRIPTO EGRAG CRIPTO, the immediate technical prospects for the KSRP indicates the possibility of sharp correction. Supporting his forecast, Egrag Cripto shared a detailed price Showing the current position in the wide structure of the bull market. The chart shows how the XRP currently trades below the bark support band support. Significant, XRPs Position below The band to support Turkish Taurus for a month dragged, since he broke into the middle of March. The longer XRP continues to trade below this band, it is a greater possibility of significant repetition.

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Egrag Cripto noticed the price XRP has So far failed to return Resistance zones to $ 2.33 and $ 2.45, sitting on the upper edge of the support support for the bulls in the daylight chart. He explained that until the price continues to trade 2.35 $ 2.45 $ 2.45, Bears could stay in control and drag the property lower according to the extension level of 0.702.

In terms of targeted goals, this from 0.702 Fib currently seated from $ 1.24, which means that the price could be crashed under this level before the recovery above the beak market support. It is interesting that this zone of $ 1.24 matches the important power structure from November 2024. year, which served as Launchpad for XRP rally to $ 3.4. Consequently, the re-installation of this zone could serve as a validation of the previous incision and the end of the fuel more sustainable long-term Usttrend.

EGRAG CRIPTO Council: Accumulates XRP instead of selling panic

Despite the short-term bear tone, Egrag called on holders not to panic or give emotional decisions. Addressing concerns that he predicted from followers, he made it clear that he did not advise the sale of KSRP to try and the lower re-entry. Instead, he encouraged the community to continue collecting during the intended smoke, Instead of chasing Short-term market trends.

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Doping up to $ 1.24, while disturbing for some, you could rub the way much larger rally by pushing Altcoin in a long-digit two-digit territory. In another analysisEgrag Cripto predicted the long-term goal of the XRP price of $ 27.

At the time of writing, XRP trades in the amount of $ 2.27, by 5.13% and 7.26% in the last 24 hours and seven days, respectively. This is in response to the Percy, which provides the approval of the SEC to start the three KSRP Futuresus ETFS. April. Similarly, the first XRP point ETF was recently launched by the Cripto Assert Manager Hashdek in Brazil.

Featured image from Adobe Stock, Graphic from Tradingview.com