Risk directed by tariff It has the negotiation of XRP cryptocurrencies focused on payments near the support zone about $ 2, a crucial level to confirm a significant coverage pattern and a renewed bearish trend.
We refer to the head and shoulder pattern, which includes three peaks, the half being the highest. A horizontal line extracted from the base of the three peaks, the neckline, marks the key demand zone.
In the case of XRP, the range of $ 1.90- $ 2 has been that demand area since January. Therefore, a price movement under the same would activate the breakdown of H&S, confirming a change of uploading trend.
A potential breakdown could see that prices are almost reduced by half to $ 1.07, according to veteran analyst and merchant Peter Brandt. Graphic analysts identify objectives that use the measurement movement method, which implies determining the distance from the top of the head to the neckline and subtracting that distance from the point of decomposition, in this case, $ 2.
On the upper side, $ 3, or the lowest created in early March, is the level to overcome the Bulls.
