cryptd.in

LinkedIn Alternatif untuk Talenta yang Ramah Kripto

Is This the Time to Sell XRP? Analysts Eye a Lower Re-entry Point

-

oleh

cryptd.in
di

TL;DR

  • Alongside most of the market, Ripple’s native cryptocurrency has posted a violent price correction that has taken it south by over 20% since its recent all-time high marked just a few weeks back.
  • Analysts are now warning that the asset could be on the verge of another breakdown as it lost a crucial support level.

Deeper Correction Ahead?

Although XRP has recovered some ground since the plunge this morning to $2.72 (a three-week low), the cryptocurrency is still down by over 10% weekly. The aforementioned key support level that has been breached to the downside is $3.

Numerous analysts believe this line would play a pivotal role in determining XRP’s near-term future. Dropping and closing below it, as Ripple’s cross-border token has done over the past 24 hours, could spell further trouble. In yesterday’s warning article, CryptoPotato cited data from Ali Martinez, who went even further by providing more precise selling and re-entry points for XRP.

“Consider shorting XRP near $2.98 with a target of $2.48 and a stop at $3.18. Alternatively, setting up buy orders between $2.40 and $2.20 could position you well for the next rebound.”

Martinez doubled down on his prediction earlier today that a price drop to $2.40 is in XRP’s future, basing his analysis on the TD Sequential metric.

Not the Only One

Michaël van de Poppe, another analyst with more than 800,000 followers on X, also weighed in on the matter, highlighting the importance of losing the $3 level. His conclusion aligns with Martinez’s target of $2.40 and a subsequent bounce-off.

Cryptowzrd also noted that XRP has closed bearish, even against BTC. However, the market observer said Ripple’s token will eventually stage a “quick recovery rally” once Bitcoin’s dominance starts to decline again. Recall that the metric dropped from over 64% (on CoinGecko) to under 59% in July during the altcoins’ run. However, it has jumped past 60% once again as the alts got hammered in the past few days.

It goes without saying, but this article is not financial advice. Also, it’s not meant for full-time XRP believers (HODLers) who want to ride the wave for years. Instead, traders and those wanting some adrenaline can use it as a reference, as it’s based on the opinions of some of the most popular crypto analysts.

When it comes to actually selling your crypto bags, you can check this guide for more insights.

Pos Is This the Time to Sell XRP? Analysts Eye a Lower Re-entry Point muncul pertama kali di CryptoPotato.

Komentar

Tinggalkan Balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *

Umpan Terbaru

Kategori Populer

id_ID Bahasa Indonesia
id_ID Bahasa Indonesia en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Cari di situs web

Cerita Populer

Tags

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenPemilihan (1) #BinanceVsCoinbase (1) #Bitcoin (370) #BitcoinETF (3) #BitcoinFundamental (1) Penanganan #Bitcoin (1) #BitcoinHarga (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Token (1) Akuisisi #BTC (1) #BullishPrediksi (1) #BullishSentimen (1) #ChineseMining (1) Ulasan #CPIP (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoKetidakpastian (1) #DerivativeJump (1) #Dogecoin (64) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (62) #EthereumPain (1) Harga #Ethereum (1) #Pendapat Ahli (1) #FedRateCut (1) #FiatCurrency (1) #Dampak Finansial (1) #KerahasiaanKeuangan (1) #FirmShutdown (1) #FrozenAccounts (1) 1TP5Dana Terlarang (1) #InflasiData (1) #Investasi (1) 1TP5Kerugian Investasi (1) #JapaneseFirm (1) #LegalAction (1) #Dampak Hukum (1) #Legislasi (1) #LightningNetwork (1) Analisis Pasar #M (3) #Memantau Pasar (1) Prediksi Pasar #M (1) Prediksi Pasar #M (1) Proyeksi Pasar #M (1) #MarketSupport (1) #MVolatilitas Pasar (1) #Menikah (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitabilitas (1) #M Pencucian Uang (2) #MtGox (3) #NorthKoreaCrypto (1) #NovogratzPrediksi (1) #PriceMilestone (1) #PrediksiHarga (2) #Pertanyaan Harga (1) #PriceSurge (1) #PenjaraHukuman (1) #QuantAnalysis (1) #ekanan Regulasi (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) 1TP5Analisis Teknis (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

Tautan Berguna

Tautan yang menurut saya berguna dan ingin saya bagikan.