Ripple\u2019s cross-border token has plunged by 5% over the past month to the current $1.07.<\/p>\n
This is just above the crucial $1.06 zone, which, according to some analysts, can trigger the next decisive breakout.<\/p>\n
Ali Martinez believes<\/a> that \u201ceverything comes down to $1.06 for XRP.\u201d In his view, holding the line could open the door to a rally to $1.35 and even $1.64, whereas losing it might result in a potential slump to as low as $0.62.<\/p>\n X user ChartNerd has also stressed the importance of that level. The analyst noted<\/a> that XRP found support at $1.06, but claimed there is heavy resistance remaining above the $1.08-$1.23 range and \u201cprior ascending support was lost.\u201d<\/p>\n \u201c$1.16 remains the main roadblock ahead of the EMAs. Downward pressure remains until otherwise,\u201d they added.<\/p>\n Shortly after, ChartNerd touched upon XRP\u2019s bearish outlook amid the challenging times. They suggested that the asset may sweep even below $1 in the near future and that \u201cwould not be utterly surprising\u201d given the market structure. At the same time, the analyst described such a potential downtrend as \u201canother golden ticket entry in disguise.\u201d<\/p>\n \u201cThe next few months are setting the stage for the next market repricing. Maybe the biggest yet,\u201d they added.<\/p>\n EGRAG CRYPTO and JAVON MARKS also gave their two cents. The former opined<\/a> that XRP has lost the 50 MA and is approaching the 100 EMA, a zone that has historically provided strong long-term support.<\/p>\n The analyst labeled a possible retrace to the $1-$0.95 range as a \u201chealthy macro retest while holding the 100 EMA.\u201d They set $0.80 as \u201cmaximum downside\u201d if XRP tumbles to the lower boundary of the long-term channel, but said the targets of $15, $27, and $50+ don\u2019t shrink and rise in time.<\/p>\n As of now, it\u2019s hard to imagine an explosion to even $15 since it will require the token\u2019s market capitalization to skyrocket to nearly $1 trillion. But then again, no one really knows what the future holds.<\/p>\n JAVON MARKS was also bullish, albeit presenting a far more modest prediction than EGRAG CRYPTO. They claimed<\/a> that XRP has shown a clear breakout of a key resistance trend and the price can respond by jumping beyond $3.50.<\/p>\n The post XRP\u2019s Most Important Level: The Battle for $1.06 Begins<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s cross-border token has plunged by 5% over the past month to the current $1.07. This is just above the crucial $1.06 zone, which, according to some analysts, can trigger the next decisive breakout. Bulls vs. Bears Ali Martinez believes that \u201ceverything comes down to $1.06 for XRP.\u201d In his view, holding the line could […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-208840","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208840"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=208840"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/208840\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=208840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=208840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=208840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Additional Forecasts<\/h2>\n