Will XRP price crash to $ 1 or skip to $ 3.5?

The spreading price remains in the bear market after falling over 35% of its highest level in January.

Ripple (XRP) Rose is for the second day in a row, while cryptocurrencies stiffened after encouraging inflation data. Most of them rose, with bitcoin (Btc) and Cardano (Ada) rise by over 3%.

XRP has also grown Franklin Templeton applied for the Trade Fund on Spot or ETF on Tuesday.

The company, which manages over 1.5 trillion of the property, joined other companies such as Vistutre, Bodra, 21shares, gray, canarins and forged and wrought-ups applicable for the SPOT XRP ETF. Polimarket Users have stepped up their chances for Spot XRP ETF approval at almost 80%.

XRP is also one of the tokens that Donald Trump identified it to be in American digital coins. If approved, it would lead to more requests because the United States uses its strong balance to gain these coins.

One of the greatest power KSRP is its ability to disrupt the payment industry now dominating. Ripple claims that his technology is better than Swift, because her transactions last for just a few seconds to finish. Its transactions are also cheaper than Swifts.

One potential catalyst of this growth will be completing the lawsuit by the Securities Commission. The conclusion of this case will probably release Ripple laboratories to add more banking partners to their network. Some of the current partners are companies like Santander, HSBC, SBI Holdings and Bank of America. It’s already waived the lawsuit against UniswapKOINBASE and KRAKEN.

CSRP Price Technical Analysis: Will I hit $ 1 or $ 3.5 first?

The daily shows that the price of XRP fell on key support for $ 1,9275 this week. This was crucial support because it avoided the fall below it several times since December last year.

He became the neckline head and shoulders formed since December. The head of this form is $ 3.4, while the shoulders are $ 3. It also fell under a 100-day weighted average.

Therefore, there is a risk that Ripple will have a bear breakdown, because H & S is one of the larger bear signs on the market. This fault, potentially at a psychological point to $ 1, will be confirmed if it falls below the neckline to $ 1,9275. 1 $ also match with a level of indentation for 78.6%.

On the side, the Bullish belt will increase to $ 3 if the coin rises above the right shoulder at 3 and during $ 3.4. Such a move will undo the sample of the head and shoulders and point to more upside down.