Is the price of XRP about to break… or drain?
The “XRP price” is showing a clear weakness this week, which shows the obvious weakness. Sellers remain in control for now, but a support level continues to hold.
If this level decides if XRP will form the cycle remotely or if it will slide into a deep correction.
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Weakness is seen in sequence, but support still holds
The first sign of pressure comes from time. Between October 13th and November 10th, the price of “XRP” rose from the lower highs to make a higher high.
It explains the decline of the week.
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Even with that weakness, the $2.154 zone still holds. This is not just a chart level. It confirms the starting point of the cost. Between $2.161 and $2.174, XRP has a certificate of appreciation of 1.359 billion.
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This makes it a very strong support in the near term. On the chart, the $2.154 level sits immediately under this cluster and may be the only thing between the boom and bust.
If this band holds, the exchange can be called “playing” by opening the door for a recovery attempt.
It shows that sensitivity is based down
The second sign is psychological. XRP's net unadjusted profit and loss (nupl) fell to 0.32 on November 16, its year-to-date reading. NUPL InyStators Senses – Wall Bag holds paper profit or loss.
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The last period of the year (from 0.43 (0.43 to April 8) “XRP price” from 1.80 to $ 3.54 in 2018.
At this time, nupl is the lowest, which means reset the feeling more deeply. A bathroom feature can also be created if you have $2.154 support.
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XRP price levels to watch next
If the price of XRP breaks the support zone of $2.154, then there is a strong demand below $2.065, and a fall below $2.06 will open the way to lower levels.
After the buyers gave rather support, the first test of the competition will be placed at the level of 2.394 dollars with several previous rates. A move above $2.394 will begin a real reversal test.
If it wants a water correction, it can push from $2.696 to $2.696, and breaking that level will lead to a very strong recovery in sight.
For now, it all comes down to one question: Can the $2.154 support band bounce back? If the answer is yes, the XRP price could be the same type of bottom that drove the last major rally.
