After a long and frustrated struggle, Ripple (XRP) may finally show signs of life – but now is the time to invest $ 2000 in XRP?
Let’s dismantle the current ripple price and what the last scheme tells us.
The price of XRP is fighting towards a huge landing direction
Looking at the graph for 4 hours, Ripple (XRP) has been suspended The direction is going down It extends all the way to early January. Every time the XRP price tries to press up, the trend line works like the ceiling, and rejects this step. So that XRP can break this line decisively, the bulls remain in a non -favorable position.
About $ 1.90 to $ 2.00, we see a major horizontal support zone held firm for several months. But earlier in April, this support gave the way. XRP decreased below, found some demand, and managed to restore the area – but the fact that it has ever broke a warning sign.
If this level collapses again, it opens the door to more negative, perhaps about $ 1.80 or even $ 1.62.
Classic head and shoulders are formed
But not all of them are down.
The graph also reveals the formation of a reverse head for the textbook. The left shoulder, head and right shoulder are clearly placed. This is often considered a signal reflection sign –if certain.
To check this style, XRP needs a fracture over the neckline, which is located at only $ 2.20. More importantly, you must invade the wider direction line. If each of the resistance levels break with solid size, we may see XRP collects enough power to pay about $ 2.60, $ 3.00, and perhaps test its highest levels ever-especially if the broader encryption market turns to climb.
This is great “if”, though.
Should you invest $ 2000 in XRP now?
This leads us to the real question – Should you throw $ 2000 in XRP today?
If you are thinking in the long run and believe in the interest of Ripple and legal clarity, XRP may look approximately $ 2. But this graph shows risks on both sides. There are bullish capabilities if the pattern is confirmed, but also a real danger if this $ 1.90 supports cracks again.
Also read: Hedra Beats XRP in the main scale with a high price of HBAR
One of the reasonable strategies can be the average cost in dollar (DCA) on your way. Instead of throwing 2000 dollars at once, you can enter into smaller parts-some of which are about $ 2.0, and more if XRP erupted or declining about $ 1.60.
On the other hand, if XRP collapses less than $ 1.90 with strong sale pressure, this may be a sign of waiting. Hunting the fall knife is not wise to encrypt.
In short: XRP at a crossroads. The preparation is present for the bullish penetration, but the main resistance needs to fall. If you believe in the long -term Ripple, it may be worth entering gradually. But if you are just looking for a quick face, it may be smarter to wait for this penetration confirmation first.
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