Risk led by prices At the cryptocurrency cryptocurrency of cryptocurrency focused on payments near the support area close to $ 2, a crucial level to confirm a significant garnish scheme and a renewed decrease trend.
We refer to the head and shoulder scheme, including three peaks, the environment being the highest. A horizontal line taken from the base of the three peaks, the neckline, marks the key demand zone.
In the case of XRP, the fork from $ 1.90 to $ 2 has been this request zone since January. Thus, a price displacement below the same thing would trigger H&S ventilation, confirming a change of bullish trend.
Potential ventilation could see the prices almost by two to 1.07 $, according to the veteran analyst and trader Peter Brandt. The graphics analysts identify the targets using the measurement method, which consists in determining the distance between the top of the head towards the neckline and subtracting this distance from the breakdown, in this case, $ 2.
On the upper side, $ 3, or the lowest created in early March, is the level to beat for the Bulls.
