Make XRP people the prices of people talk. Senior analyst Seth participated in his X (formerly Twitter) about the place where the XRP price may be. It refers to strong support from XRP holders and notes how the price respects the main technical levels. SETH believes that XRP can take a break before pushing towards record levels.
However, after it was flat from 2022 to 2024, the price of XRP was some upward momentum. It was thrown by the last increase near its highest level, now reaching the resistance at the level of 0.786 Fibonacci. Despite the bullish momentum, excessive conditions at its peak indicate the weekly relative power index that retreat or short -term side movement can be on the horizon.
Historical data shows that the price of XRP may respect the technical levels, as the previous summits show a large tail, indicating heavy sale pressure and strong purchase support. The current price procedure indicates that the Fibonacci level 0.786, about $ 1.87, can serve as immediate support in case of re -price.
XRP Technical Analysis
Fibonacci’s decline in the chart provides a clear road map for potential support and resistance areas. In the event of a correction, levels can be 0.618 ($ 1.22) and 0.5 (0.80 dollars) important support areas while maintaining the broader upholor structure.
The relative strength index, as shown in a tweet, shows excessive conditions in the peak with a possible targeting to 61. This scenario corresponds to the behavior of the market, as the levels of peak purchase often precede the stages of unification of profit or monotheism.
Also read: Floki Inu (Floki) price at Crossroads: The main levels of potential bounce monitoring
XRP market morale and whale activity
A tweet also confirms the role of accumulating society and the strong whale in XRP. The large fissure in the price scheme indicates a large purchase pressure at low levels, which are likely to be driven by institutional investors or investors on a large scale. This behavior indicates a strong base of support, even during periods of uncertainty in the market.
In addition, If the XRP price is working successfully ATH is broken, the following resistance goals can be the levels of extension Fibonacci 1.272 ($ 3.50) and 1.382 ($ 4.00). However, such a step depends on continuous purchase pressure and market morale.
With the continuous support of society and technical commitment, XRP remains a symbol of watching it in the coming weeks.
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