CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

NewsBTC 2025-06-21 09:30:17

XRP Price Crash Tests Critical Support At $2.1, Will It Break?

After the market crash that sent the Bitcoin price falling toward $100,000, the XRP price also saw a notable decline, and this crash has brought it toward an important level. While the digital asset continues to hold above the $2.1 level, it remains critical support and a break below this could be negative for the price. This is outlined by crypto analyst The Alchemist Trader, who has shown what direction the XRP price could be headed in depending on what happens here. XRP Price Threatens Major Support Level After the almost 4.5% decline that ravaged the XRP price over the last week, it has been pushed down toward the next major support level, lying just above $2.09. So far, the bulls have defended this level, but the multiple tests suggest that a breakdown at this level could be in view. Related Reading: Analyst Predicts 20% Ethereum Price Crash Below $2,000, Here’s Why The analyst explains that the reason this level is so important is that it actually includes the value area low recorded in previous declines. Additionally, it is the 200-day moving average (MA) for the cryptocurrency, and also now serves as a key daily support/resistance flip. This means either camp of the bulls and bears can pull it in their direction, making it incredibly important for what happens to the XRP price in the short term. Given the importance of this level, whether it holds or breaks will carry serious implications for the XRP price. In the bearish scenario, the crypto analyst explains that a break below this support would trigger a liquidity sweep as the price dumps lower. The possibility of a break is even higher now, given that this level has already been tested multiple times. The Alchemist explains that each test weakens the level, putting it at risk of a breakdown. However, with long consolidation so far above this level, there is a bullish scenario that is rising. As bulls continue to maintain this support, further strength here could erode the possibility of a decline. If properly defended with a notable uptick in volume, in addition to a move upward into the recent local highs at $2.4, then it is likely that the XRP price continues to move up. Related Reading: Ethereum Bullish Wave Towards ATH Coming? Here Are The Targets “For bulls, a clean defense of this level with volume and a move back above recent local highs would indicate a potential rotation toward the next resistance,” the analysis read. “For bears, a breakdown without a reclaim increases the likelihood of continuation to the downside.” As for how to play the current trend, the analyst advises investors to exercise caution and wait for confirmation before taking positions. The confirmation here would either be a break below the support or a strong upward rally away from it, signaling a clear direction. Featured image from Dall.E, chart from TradingView.com

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez