Main notes
- XRP decreased to less than $ 2 for the first time since April 9, which led to SEC delays and geopolitical tensions.
- Dandruff traders opened $ 318 million in short pants for $ 89 million, creating a supply wall at the resistance level of $ 2.10.
- Technical analysis shows a decrease in the head and shoulders that targets 30 % from $ 1.45 -1.50 dollars.
ripple
Xrp
$ 2.08
24 hours fluctuation:
5.7 %
The maximum market:
122.65 dollars b
Folder. 24h:
$ 3.70 b
The price broke out below the level of $ 2 on Monday, June 23, which represents its lowest point in 75 days. Now she hovers near $ 1.92, XRP looks weak technically.
It touches XRP low for 75 days as a Ripple issue against SEC and the geopolitical crisis is a double catalyst
The last price slice of XRP has been fed through a rare rapprochement of legal catalysts and the macroeconomic economy. The distinctive symbol lost its fist at the first two -time level since April 9, after a sharp rise in the universal risk and the new legal ambiguity in the continuous litigation of SEC against Ripple.
On June 20, rumors of delay in the long -awaited ruling added uncertainty in the legal Ripple path. At the same time, the deterioration of diplomatic relations between major economies has led to concussions across global markets, prompting institutional flows from the top of Altcoins. XRP, Solana
Teller
140.9 dollars
24 hours fluctuation:
8.8 %
The maximum market:
74.90 dollars b
Folder. 24h:
$ 6.17 b
Ethereum
Eth
2 $ 349
24 hours fluctuation:
7.3 %
The maximum market:
283.47 dollars b
Folder. 24h:
22.61 dollars b
And Cardano
Lead
0.56 dollars
24 hours fluctuation:
6.0 %
The maximum market:
20.24 dollars b
Folder. 24h:
830.97 dollars
All losses were published on Monday, June 23.
The low price appears to have sparked a series of technical breakdowns. XRP broke less than 50 days on the SIA moving average on June 21, followed by a two -day psychological support. Daily RSI decreased to less than 40, indicating an increase in the declining momentum with little signs of reflection.
Unless the Ripple Legal team provides a tangible update or macro morale stability, XRP may continue to bleed towards the 1.50 dollar technical floor determined by the emerging head line and shoulders. The daily closure above $ 2.10 remains the minimum condition of nullifying the decline.
Bears prove the dominance of a crane of $ 37.9 million when resisting $ 2.10
Data from Coinglass He explains that the declining traders are firmly controlled in the short -term price procedures. In the past seven days, $ 318 million has been opened in short positions on XRP, which exceeds $ 89 million in long contracts registered during the same period.
Ripple (XRP) Filter Map Coinglass
Among the short pants, about $ 15 million is concentrated around the resistance area of $ 2.10, indicating that the bears defend this level as a major psychological and technical threshold. This group of leverage works as a supply wall, which puts any emerging reflexive attempts.
If XRP fails to closed decisively from $ 2.10 to make a short rank, the current defect may continue to push the code down.
Ripple (XRP) prices: Is XRP at a risk of 30 % collapse?
The daily chart of XRP provides a clear and shoulder style, and is often considered a reliable indicator of homosexuality. With the neck line now breaks at a level of $ 2.00, technical expectations indicate that XRP may be about to correct 30 % about $ 1.45, $ 1.50.
As shown above, the left shoulder was formed in early May, its climax near $ 2.80 in mid -May, the right shoulder failed to violate the previous level, and placed near $ 2.45. The collapse below the neck line was accompanied by a high size, a confirmation signal that gives weight to the decline.
The RSI (RSI) index has decreased to 38.95, hovering over the sales lands, with no immediate signs on the upscale difference. This momentum is supported by the idea that XRP may not yet find a local bottom.
Xrp price expectations Source: TradingView
Unless the bulls can close a daily closure over $ 2.10, the path of resistance remains less to the negative side. Short -term recovery may face severe resistance at $ 2.20 and $ 2.45, while the continuation of the form of the model puts XRP support in the middle of the period at a sign of $ 1.50.
In the absence of a basic inverse catalyst, such as a favorable court ruling or the absence of escalation in geopolitical tensions, the declining pressure is likely to continue.
XRP Steadies where Solaxy ($ Solx) launches the first layer of Solana 2
While XRP merges approximately $ 0.49, investors in the early stage turn into Solaxy ($ Solx)-the first solution for layer 2 on Solana.
Through the Testnet Live and Exchange lists on the horizon, Solaxy offers unparalleled expansion, 0 % shit fees, and multi -commodity support. the $ Solx Presale He is now direct, as he placed himself as a high -voltage theater in the growing ecosystem in Solana.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.
The post Ripple (XRP) Price Prediction: Head and Shoulders Pattern Flashes 30% Breakdown Signal first appeared on Investorempires.com.
