XRP flashes descending trendline, why is the attack of up to $ 4 still in cards – Tradingview News

The price KSRP shows the signs of potential interruption, with a crypto analyst showing key technical indicators that suggest potential increase to $ 4. Significantly, the cryptocurrency is traded in the trendline decline, but a crucial move above this resistance could light a long-awaited rally at the new all the time.

XRP price EYES Branting to $ 4

According to Pseudonimous TradingView Cripto Analyst One1impact, the CSRP price brought lower high heights, forming a downward trend line at a 8-hour chart. Analyst chart analysis Hajlaj Key technical indicators based on price action that suggest that the price XRP can be prepared for a possible set of $ 4.

The projected increase in the amount of $ 4 depends on the way it reacts to the downward trendline, which acts as a critical surface of resilience. With this in mind, interrupts and close above this trendline with volume signals more than Bullish Moments for XRP price.

It is interesting that analyst discovered that the market currently floats nearby or just below the boiler average (MA), indicated by a blue line in the chart. If the price of the XRP can return and holds above this ma, it would strengthen its bikes position and strengthens the optimistic price of analysts. On the flip side, if it remains below this ma, the TradingView expert believes that it will put the barrier on its potential upside down.

Crossing forward, analyst has shared key technical areas that could determine the KSRP’s next price prices. He discovered that if the cryptocurrency breaks above the descending trendline, the next large area of ​​resilience is a horizontal level around $ 3.40. In addition, confirmed interruption could send its price to 3.9 – $ 4.00, alignment with the aim of the gray arrow in the chart.

Tradingview Cripto Expert warned investors and merchants to pay attention to the strength and momentum of the KSRP as aimed at the downward trendline burglary. He explained that low strength pressure above the trendline is a clear indicator of a possible Lakeitout, where traders could be lured in entering long positions, only to quickly enter the price only to enter. On the other hand, a high increase in volume confirms the condemnation of the KSRP bullogue potential, which led to a permanent upward and increasing prices.

The analyst also added that the oscillators such as the relative power index (RSI) could help traders whether Momends Menge is, CSRP is a swinging or fades as its price approaches resilience to descending trendline.

Meta is possible if resistance fails

In its analysis, “one1imimpact” also shared the bear prospects for the KSRP price if it does not break and close above resistance on the descending trend. The TradingView Analyst discovered that the rejection at this trend could be initiated by further consolidation and the Fall of the KSRP.

He shared several important levels of support that could help prevent even deeper correction in CSRP costs. A region of 2.0 and $ 2.1, marked by a pink and gray box on the chart, acts as a strong Support area for the KSRP, where the customers are before they had previously stepped down.

If the price of XRP loses this zone, analyst predicts a large breakdown at 1.8 – 1.77 dollars. Another drop below this price cannot result in much greater correction.