The recent XRP step to resistance for $ 2.2 looked like he could break through, finally. Instead, the traders received another firm refusal – the fourth in four weeks.
It is no secret that XRP is one of the most popular cryptocurrencies in the market, and everything that should be known about its price is currently taking place on a weekly diagram.
Recently, XRP again touched $ 2.2 before leaving back, following the familiar model that the market had seen several times, and every attempt met with the pressure of the sale, maintaining the price of Altcoin in the tightening range.
This week, in particular, the setting seemed good, but when there is a sudden surge in resistance without subsequent conduct, this usually makes people more careful than encouraging ones. And right, it seems.
At the moment, there are two scenarios that stand out. If the XRP bursts over $ 2.2 – and will remain strong at the end this week – it can amount to $ 2.4, where the next real call awaits.
Another refusal, however, can return the XRP back to the support zone from 1.9 to $ 1.95, where prices have fallen in recent weeks. This is a well -known place, but each second test promotes support a little further, which makes the range more difficult to predict over time.
It is clear that the impulse is at the intersection. A four -time failure of $ 2.2 shows that sellers are still pressing, but a stable base above $ 1.9 shows that customers are also not ready to give up. The tug of war-and the next big step continues to set the tone for the summer of the XRP.
