XRP prices approaching the next major liquidity zone, key levels to be aware of

Why XRP prices are so strong

Many bullish developments have been highlighted by Crypto analysts, suggesting that XRP prices are bullish from here. One of these is the classic cup and handle style formations pointed out by analysts. Interestingly, this is not the first time Altcoin has done this, and history shows that this usually happens before a surge.

According to analysts, the results were slowly crushed at the time before XRP prices were shown to be something like this, and quickly moved to the next retest. At the current level, if this formation works as before, this means that AltCoin is considering spikes and retesting the $2.33 area as the next major resistance level.

Once out of this resistance, the XRP price is expected to test its next major competitive point ($3.02). To do this, analysts explain that you need to escape with the right volume. They then explain that once prices start to reach the top range, the Bulls can intervene.

Furthermore, the higher time frame structure also shows a gentle lift-off. This price rise is slow, yet stable, indicating the possibility of rising towards the $3.40 level. This makes it very close to the all-time high of $3.8, which has not yet been broken in the last seven years.

If $2 support fails again, XRP still has a bearish scenario. With the crash drop from here, the price could again send a spiral towards $1.5. However, Crypto analysts emphasize that the current structure is clean. Furthermore, once momentum is gained without disrupting macro emotions and support is retained, Crypto analysts believe “XRP shows all the signs of a classic bullish retest setup.”

Featured Images of Dall-E, Charts on tradingView.com