The cryptographic market observes with contained breathing while XRP wobbles at $ 1.97, a battlefield where conviction forests reach the chocas with bearish determination. After a retirement of the recent maximums, the digital asset now faces a critical test.
The current confrontation reflects the widest strip and loosen in cryptography markets, where the feeling changes rapidly and key prices levels dictate the next main movement. For XRP, $ 1.97 is not just another number; It is a line in the sand. A decisive winery here could rekindle the ascending impulse, while a breakdown can be emboldened to bears.
Mercado’s feeling: fear, greed or indecision?
According to Grumlin Mystery, a well -known cryptographic analyst, it is likely that XRP experiences greater inconvenience in the near future, potentially falling to $ 1.96. On March 30 Publish in xHe stressed that a decrease in liquidity within the cryptography market is playing a crucial role in weakening XRP prices, driven by the impact of US tariffs and the implementation of changes in Trump policies.
Grumllin said that restrictive commercial policies and economic uncertainty have led to a deceleration in capital flow in more risky assets such as cryptocurrencies. With a reduced liquidity, market participants have less purchasing power, which makes it easier for bears to rise the lowest prices. He warned that if these economic conditions persist, XRP could fight to find strong support, and a fall below $ 1.96 could cause additional decrease.
This liquidity drying has allowed sellers to gain the advantage, exerting descending pressure on prices. As a result, XRP’s capacity to maintain support for $ 1.96 is still uncertain, less than market conditions improve, a deeper correction could be on the horizon.
Grumlin Mystery explained even more than an abrupt change in Trump’s rhetoric with respect to tariffs remains highly unpredictable, which makes it difficult to evaluate its total impact on financial markets, including cryptocurrencies. While many initially believed that Trump’s position would be an important positive catalyst for the cryptographic market, reality seems to be more complex.
The analyst emphasized that market uncertainty is increasing as merchants struggle to anticipate the next movement in the economic policy of the United States. If Trump maintains or intensifies its tariff approach, could further adjust the liquidity conditions, which makes it even more difficult for XRP to maintain a bullish impulse.
Possible XRP scenarios
If buyers successfully defend the level of $ 1.96, XRP could see a renewed rise impulse. A rebound of this support zone could trigger a rally around $ 2.64, where the next resistance is located. A rupture above this level increases the potential to $ 2.92 or even $ 3.4, confirming an upward recovery. The increase in the negotiation volume and the improvement of the feeling of the market would be key indicators of this scenario that takes place.
Failure to comply with sellers to maintain XRP control and failure to keep over $ 1.96 can cause a more clear decrease. In this case, the next levels of critical support to see would be $ 1.70 and $ 1.34. Breaking below these levels could expose the asset to more losses at $ 0.93 or less.
