Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,366)
  • Analysis (1,553)
  • Bitcoin (2,136)
  • Blockchain (1,249)
  • DeFi (1,469)
  • Ethereum (1,470)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,512)
  • Press Releases (1)
  • Reddit (788)
  • Regulation (1,412)
  • Security (2,027)
  • Thought Leadership (2)
  • Videos (41)
Hand picked
  • BCH becomes vertical – The lens of $ 1,500 has buzzing merchants
  • Companies continue to create Bitcoin vouchers: this is why
  • While XRP expects on regulators and GCV debate pi, web3 AI rushes with 7.8 million dollars collected and 1,747% space to run
  • The Altcoin season has just flashed a golden cross in the middle of the recovery of the cryptography market – TradingView News
  • Plan of $ 100 million in cardano to meet the challenges of DEFI and Stablecoin
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Bitcoin»The XRP price rejection to this supply area triggers a crash, here is the next target
Bitcoin

The XRP price rejection to this supply area triggers a crash, here is the next target

May 5, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Xrp investment.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email


Confidence editorial Contents, examined by the main experts in the industry and experienced publishers. Advertising disclosure

After a rejection of $ 2.2 at the start of the weekend, the XRP price is now struggling to resume its momentum. This is particularly difficult since Altcoin saw the rejection of a large supply area, and it brought a blow to the bullish momentum. This rejection does not increase well for the cryptocurrency, because from here, it is likely that it will suffer more lowering before the Bulls can go up.

Turn down in the supply area

A Crypto analyst Frank, on the TradingView website, revealed the supply area from which the XRP price was rejected. This supply area was $ 2.27 and the Bears lowered the price below $ 2.2 from here. However, this singular rejection of this area is not the only concern.

As the analyst points out, there are also repeated refusals which now form a configuration of the middle of the distribution. “This Luxalgo-visible range marks a clear area of ​​institutional interest and possible distribution,” says post. In this case, this suggests that the XRP price still has a long way to go.

XRP price
Source: tradingView

Some of the main things that the Crypto analyst underlines includes the fact that in addition to the rejection candles that are already formed in the supply areas, there are also high lower formations which suggest that bears take control. In addition, with various important information events expected from the United States between May 5 and 9, there should be more volatility for the XRP price while the wider cryptography market begins to react.

Targets for the XRP price

With the downward winds that dominate the XRP price, there are a number of targets that have been suggested by the crypto analyst. The first main target if the Altcoin had to lose the level of support at $ 2 is $ 1.95. This is supposed to serve as a key level for a rebound, or for a price ventilation if the bears continue to dominate.

Below this level of support, the next demand areas. These are $ 1.60 and $ 1.69, which means that a break of less than $ 1.95 would be captured at this level. This is where the analyst sees high volume nodes due to previous inversions.

Nevertheless, there is still a chance for the Bulls to turn the trend again in their favor. The most important thing would be to postpone the XRP price above the supply area which triggered the rejection in the first place, which is $ 2.27. One rupture above here would be the confirmation of an upward continuation, especially if the volume begins to point and there is a change of momentum, as explained by the crypto analyst.

TRADINGVIEW.COM
The price pushing stockings | Source: xrpusdt on tradingView.com

TradingView.com painting

Editorial process Because the bitcoinist is centered on the supply of in -depth, precise and impartial content. We confirm strict supply standards, and each page undergoes a diligent review by our team of high -level technology experts and experienced editors. This process guarantees the integrity, relevance and value of our content for our readers.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleLitecoin ETF’s decision approaches the approval of May 5 at the deadline
Next Article Ripple Hacked?

Related Posts

Bitcoin

Weekly winner and Crypto Market – AB, Aero, Dex, Kas

June 15, 2025
Bitcoin

Thierry Baudet’s vision of the Crypto triggers a debate on the Dutch Blockchain week

June 15, 2025
Bitcoin

Best Altcoins to replace Visa and Mastercard after 60 billion dollars

June 15, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

BCH becomes vertical – The lens of $ 1,500 has buzzing merchants

June 15, 2025

BNB defends $ 640 – with active users in an ATH, is $ 674 in sight?

June 15, 2025

Trader predicts the SUPBOLIC RALLY to new heights, said that the recent Dex Hack $ 223,000,000 has given “ incredible opportunities’ ”

June 15, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 105,338.22
ethereum
Ethereum (ETH) $ 2,546.01
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.17
bnb
BNB (BNB) $ 647.68
solana
Solana (SOL) $ 152.26
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.175201
tron
TRON (TRX) $ 0.273534
staked-ether
Lido Staked Ether (STETH) $ 2,545.82