The post XRP Price Heading Towards A Crash, Analyst Charts Important Levels appeared first on Coinpedia Fintech News
The price of XRP has made an impressive move on the charts. On the daily time frame, XRP has now closed two consecutive daily candles above a major resistance level at $2.46. This breakout is an encouraging sign as it confirms a clear bullish trend.
For the first time in a while, the price structure is showing higher highs and higher lows, which is exactly what traders look for in a positive market trend. This latest breakout has officially ended the previous bearish phase and marked the start of a fresh, bullish run for XRP.
Short-Term Slowdown Possible
While the bigger picture looks strong, the short-term charts are flashing a small warning. According to analyst Josh of Crypto World, a bearish divergence has appeared. This means that while the price is still climbing, the RSI (Relative Strength Index) is starting to dip.
When this happens, it usually hints that the bullish rally might slow down temporarily. So, in the next couple of days, XRP’s price might either pull back slightly or move sideways. This isn’t necessarily bad news — a brief cooldown can actually be healthy for the market, helping indicators like the RSI reset and prepare for the next possible upward move.
Important Price Levels Ahead
If the price dips, the previous resistance level at $2.45 to $2.46 is expected to act as strong support. As for the upside, the next resistance points traders are watching are around $2.60, $2.77, $2.95, $3.15, and $3.30.
For now, the overall trend for XRP remains positive, and nothing much has changed in the last 24 hours. The market structure on the daily chart continues to look bullish, keeping hopes alive for further gains in the days ahead.