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XRP Price Faces 25% Drawdown Risk, But This Technical Point Is Key
['Scott Matherson', 'Hours Ago', 'Day Ago', 'Lars Diederiksen', 'Godspower Owie', 'Christian Encila', 'Sandra White', 'Ronaldo Marquez']
NewsBTC
The XRP price is positioned at a pivotal level that will determine the next trend to play out from here.
Given this trend, the crypto analyst has outlined three key technical points that investors should watch for the XRP price.
The first of these is the possibility of the XRP price making consecutive lower highs and pushing it toward the value area low, a bearish signal.
How The XRP Price Could Play Out From HereAs mentioned above, one of the first things to watch out for is the test of the value area low.
From here, if the XRP price were to break down, then it would signal that the decline would deepen from here.