Summary
- XRP is at risk of a price plunge, and analysis suggests that maintaining the $2 support level is crucial.
- A head and shoulders pattern has been observed, and Ali Martinez predicts that if XRP fails to maintain the $2 support level, it could plummet to $1.25.
- Currently, XRP is trading at $2.28, down 2.05% from the previous day according to CoinMarketCap.
Amid intensifying downward trend of XRP, analysis suggests that maintaining the $2 support level is crucial.
On the 18th (local time), The Daily HODL reported that XRP is at risk of a price plunge, citing analyst Ali Martinez's analysis.
In the cited post, Ali Martinez stated, "A head and shoulders pattern has been observed in XRP's chart," adding that "it's important to maintain the $2 support level." The head and shoulders pattern typically appears when the market reverses downward after reaching a peak following a long-term rally.
In the chart he posted, Ali Martinez predicted that if XRP fails to maintain the $2 support level, it could plummet to $1.25.
Meanwhile, as of 9:13 AM on the 19th (Korean time), XRP is currently trading at $2.28, down 2.05% from the previous day according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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