The price of XRP loses momentum, risks to collapse to $ 1 if this happens

The price of KSRP lost momentum this week, fell to four consecutive days and reached the lowest point from 11. Marta.

Ripple (XRP), like other Altcoini, were collapsed as concern about the state of the American economy and reciprocal tariffs of President Donald Trump 2. April. April.

The data published on Friday showed it Rose inflation In February as the consumer spent slowed down. This report came a few days after the conference committee said that consumer confidence fell in March. The image for consumer confidence pressed Mark Zandi, top Economist in Moody’swarn that the odds of the recession are presented.

These risks led to panic among stock markets and crypto. The American Stock Exchange collapsed, with the best three indices, Dov Jones, Nasband 100 and S & P 500, fall by over 2%.

These risks prevented the Chrp price from alignment even after some noted news for Bullish. For example, Ripple entered a deal with money chipperPopular Fintech Company in Africa that will now use their technology to handle transactions.

Ripple also received a cash transmitter license in New York in January and this week received a License from United Arab Emirates.

The recent SEC decision to achieve its lawsuit against Ripple Laboratory has also led to several adoptions. In an interview with Fok’s Maria BariromoBrad Garlinghouse said that more American companies were ready to cooperate with the company.

Ripple’s goal is to disrupt the 50-year-old model of fast, which handles over $ 150 trillion every year. It is a goal to connect banks and money transfer companies to globally and provide them faster and cheaper alternatives.

Technical analysis price XRP

The daily shows that the price of XRP collapsed in the last few months. He reached $ 3.40 in January and now strayed at $ 2.31.

The risk is that the coin formed a sample of the head and shoulders whose neckline is $ 1.96. The shoulders are on $ 3, while the head is at $ 3.40. H & S is one of the risky patterns in the technical analysis.

The KSRP also formed a symmetrical triangular sample with two lines that is closer to the level of the estuary. Therefore, the decline below is a key support in the amount of $ 1.9,515, point to more intact, potentially to $ 1.

This support is 50% Fibonacci point for cutting and neckline H & S form. The fall to $ 1 would mark 53% drop from the current level.