Analyst ChartNerd’s XRP key level framework: $1.55 and $2 are the line separating bulls and bears. If price holds above $2, then Q4 will have room for further upside; if the pullback can’t be reclaimed back to $1.55, then the bearish structure is effectively confirmed.
XRP’s current price is 1.52, stuck below 1.55. It’s down 3.0% over the last 24 hours, right within the weak range described by the strategy. $1.55 is the first threshold for the pullback; only after reclaiming it can we start talking about a move toward $2. If it keeps failing to get back up, it should continue following the post-top rhythm after the drop from 3.65. Until it reclaims 1.55, take a more defensive stance. #XRP
XRP’s current price is 1.52, stuck below 1.55. It’s down 3.0% over the last 24 hours, right within the weak range described by the strategy. $1.55 is the first threshold for the pullback; only after reclaiming it can we start talking about a move toward $2. If it keeps failing to get back up, it should continue following the post-top rhythm after the drop from 3.65. Until it reclaims 1.55, take a more defensive stance. #XRP