The cryptography market has been volatile lately and XRP is no exception. During the weekend, while tensions extended between Iran and Israel, the native token of Ripple fell below the $ 2 mark. The negotiation volume jumped more than 40% in just 24 hours while worried investors rushed to adjust their positions.
What’s going on with XRP?
XRP had a strong start to the year, climbing near its previous summits in January. Legal victories against the growing American SEC and Ripple partnerships had fueled the hopes of an escape over the previous summits. However, the recent sale triggered by geopolitical tensions has eliminated the token on its path.
XRP fell briefly at $ 1.91 before bouncing, but it now faces a difficult level of resistance around $ 2.28.
What is the next step for the XRP price?
However, now that XRP and the majority of Altcoins have rebounded, speculation on the Altcoin season are back. Popular analyst Dark defender said XRP is preparing for a big step, the price approaching an important point on weekly graphics.
According to his analysis, XRP is about to get out of a descending triangle model, training that often signals a big price change. The token has remained stable around the $ 2 mark, it will not stay there long. “The rupture is imminent towards Ath,” wrote the analyst.
| Resistance levels | Support levels |
| $ 2.19 | $ 2.07 |
| $ 2.22 | $ 1.88 |
| $ 2.33 |
XRP still maintains a cup pattern, which often alludes to a next rally. In addition, the clouds of Ichimoku, a popular technical indicator, also show bullish signs. At the time of writing the editorial staff, the XRP price won 12% and is negotiated at $ 2.19.