Analyst Reveals XRP Final Line of Defense
Main Idea
An analyst identifies $2.94 as a critical support level for XRP, which could determine its next major price movement, either preventing a deeper correction or signaling further downside.
Key Points
1. $2.94 is described as the 'final line of defense' for XRP bulls, with the price needing to hold above this level to avoid a deeper correction.
2. The $2.94 level was previously a resistance point that XRP flipped into support during its breakout, making it a technically significant zone.
3. If XRP fails to hold $2.94, the next support levels are identified at $2.73 and $2.61, according to analysts.
4. The $2.94 level also serves as a liquidity pivot, having acted as a ceiling earlier in the year before XRP's breakout.
5. Holding above $2.94 could allow XRP to target higher resistance levels at $3.05, $3.10, and eventually $3.25.
Description
A prominent analyst known as Cryptoes has identified a key technical level that could define XRP’s next major move: $2.94. According to his latest post on X, XRP must hold this level to prevent a deeper correction , making it the “final line of defense” for the bulls. $2.94: A Decisive Battleground The $2.94 price point isn’t just psychological, it’s also technically significant. The uploaded chart highlights this zone as a former resistance level that XRP recently flipped into support during it...
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