XRP Bulls and Bears Battle as the Altcoin Trades Close to Crucial Support
- XRP maintained bullish momentum over the weekend by bouncing off the $2.0807 support.
- Crucial indicators converged around XRP’s $2 region.
- Aggressive traders see massive opportunities in XRP’s current situation.
XRP bounced off support at $2.0807 over the weekend to maintain a bullish outlook despite fears of a potential decline. The $2 psychological support has formed a formidable base for XRP’s latest bullish momentum.
This is especially clear when you look at how often that level has successfully repelled potential bearish downturns.
$2 Mark Becomes Crucial Support Floor for XRP
Besides holding support over the past weekend, the $2 region became XRP’s price floor following the crypto market’s recovery since the beginning of April.
That level marks the midpoint of the Fibonacci retracement from the latest rally and has established notable support for the altcoin.
Analysts Pinpoint $2 as XRP’s Key Sentiment Pivot
Although the $2 region represents XRP’s most crucial support for the season, crypto analysts consider it critical. The alignment of indicators around that price level qualifies it as a …
The post XRP Bulls and Bears Battle as the Altcoin Trades Close to Crucial Support appeared first on Coin Edition.
Read More
Bitcoin Analysis: Corporate Treasuries Swell as On-Chain Activity Points Upward
Bitcoin Could Hit $175K, Analyst Says, Citing Fibonacci and Cycle Indicators
XRP Bulls and Bears Battle as the Altcoin Trades Close to Crucial Support
- XRP maintained bullish momentum over the weekend by bouncing off the $2.0807 support.
- Crucial indicators converged around XRP’s $2 region.
- Aggressive traders see massive opportunities in XRP’s current situation.
XRP bounced off support at $2.0807 over the weekend to maintain a bullish outlook despite fears of a potential decline. The $2 psychological support has formed a formidable base for XRP’s latest bullish momentum.
This is especially clear when you look at how often that level has successfully repelled potential bearish downturns.
$2 Mark Becomes Crucial Support Floor for XRP
Besides holding support over the past weekend, the $2 region became XRP’s price floor following the crypto market’s recovery since the beginning of April.
That level marks the midpoint of the Fibonacci retracement from the latest rally and has established notable support for the altcoin.
Analysts Pinpoint $2 as XRP’s Key Sentiment Pivot
Although the $2 region represents XRP’s most crucial support for the season, crypto analysts consider it critical. The alignment of indicators around that price level qualifies it as a …
The post XRP Bulls and Bears Battle as the Altcoin Trades Close to Crucial Support appeared first on Coin Edition.
Read More
Bitcoin Analysis: Corporate Treasuries Swell as On-Chain Activity Points Upward