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Crypto analyst Joao, who properly predicted the Xrp price accidentrevealed the next targets of Altcoin. Based on his last prediction, more pain could expect at XRP, which could still fall below $ 1.
What is the next step for the XRP price after the accident below $ 2
In a TradingView PostJoao said that a long -term distribution phase could be the “most chaotic scenario” for the XRP price after his accident below $ 2. Thanks to his table which accompanies him, the analyst illustrated a “radical distribution scheme“It could potentially extend at the end of 2025.
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Joao pointed out that the XRP price could first show a sign of weakness, down Under the covers discharge levelsMaybe almost $ 0.10. As it takes place, XRP could follow the trajectory of diagram 1 or 2. For diagram 1, the analyst predicts that XRP would drop at $ 0.1, then bounce for $ 0.4, which is the last supply point.
On the other hand, if diagram 2 takes place, it predicts that the XRP price could increase between $ 5 and $ 6.8, with an average peak between $ 5.5 and $ 5.7, which would probably trigger an extreme euphoria. Joao warned that this is only one of the “crazy” possibilities and that the action of XRP prices will strongly depend on bitcoin, merchants, supply and demand, public interest and macro market.
Crypto analyst John also recently warned that the XRP prices could improve in the middle of 2024, the Altcoin falling at the price of FIB price of $ 0.3827. The analyst has highlighted a lower swallowing that formed on the weekly XRP graphic at the end of March, which is why he thinks that Altcoin could still fall to these stockings.
In the meantime, Crypto Egrag Crypto analyst said that on the basis of an ascending widening corner, there is a 70% chance of decline and 30% chance of moving towards the rise. He said the decision measured for the decomposition of the XRP price is $ 0.65.
$ 1.90 has become a resistance to Altcoin
In a post X, Casitrades of cryptographic analyst revealed that $ 1.90 has become a major resistance to the XRP price. She noted that the price of the Altcoin fell at around $ 1.61 after the black Monday accident on April 7. This low would have made new extremes on the RSI through the market, and it was just shy from major support.
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The XRP price has since rebounded to test the level of $ 1.90, which Casitrades affirmed a major resistance at this stage. She pointed out that the next support is $ 1.55, the Golden .618 referral. The analyst added that this price action is exactly what sets up the type of wave 3 that crosses Highs of all time (ATHS).
In accordance with this, Casitrades said that if the XRP price blends around $ 1.55, it would actually strengthen the bullish case for a rally at $ 8 and $ 13 this month. She believes that XRP would easily break the resistance around her ATH on this wave 3 and may send it up to $ 13.
At the time of writing this document, the XRP price is negotiated at around $ 1.8, up more than 10% in the last 24 hours, according to data from CoinMarketCap.
Medium star image, tradingView.com chart
