RIPPLE PRICE PREDICTIONS (XRP) terrifying during the agitation of the current cryptography markets

TL; Dr.

• XRP collapsed up to a minimum of four months, with analysts warning of additional decreases due to the breakdown below the key support levels.
• Despite the bearish perspective, the RSI of the asset has fallen to 18, deeply in overall territory, hinting at a possible short -term rebound.

What follows after the bloodbath?

He complete The cryptocurrency market experienced a important The setback in the last hours, with numerous leading digital assets that witness two -digit prices. Ripple XRP is no exception, since it was submerged in 20% on a daily scale and currently quotes about $ 1.70 (according to Coingcko data).

Multiple analysts noticed the last fall and speculated on the next potential movement of XRP. User x cryptowzrd Believe The price could fall to $ 1.51 if Bitcoin (BTC) continues to decrease together with the US stock market. It is important to take into account that the primary cryptocurrency was blocked below $ 76,000 in the current negotiation session, but the stock markets have not yet been opened.

Ploces below the $ 2 support level It seems to be A serious concern for other industry participants. Ali Martínez recently fictional that breaking under that area could turn on a fall of as low as $ 1.30.

Jesse Colombo described an even more bearish scenario. He My dear That XRP has broken below the neckline of a head and shoulder pattern formation (H&S), which could prepare the scenario for a collapse of 65% at $ 0.60 “in a complete unwilling of its autumn rally.”

Is there light at the end of the tunnel?

The general cryptocurrency market and the current XRP condition No It seems very promising from The moment and investors must be prepared for a greater fall in the following days.

However, one important indicator indicates that a rebound can be observed in the near future. This is The relative force index (RSI)which It measures the speed and change of price movements. It varies from 0 to 100, and the readings below 30 suggest that the asset has entered the territory of over -sales, which can represent a purchase opportunity.

At the moment, The RSI stands With approximately 18 years, the lowest brand since the end of February.