{"id":46048,"date":"2025-02-19T20:00:29","date_gmt":"2025-02-19T20:00:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=46048"},"modified":"2025-02-19T20:00:29","modified_gmt":"2025-02-19T20:00:29","slug":"pundit-who-correctly-predicted-xrp-price-crash-to-2-5-says-demand-zone-will-send-it-soaring","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=46048","title":{"rendered":"Pundit Who Correctly Predicted XRP Price Crash To $2.5 Says Demand Zone Will Send It Soaring"},"content":{"rendered":"

XRP\u2019s price trajectory has had ups and downs in the past two weeks. Particularly, the large part of the past seven days was characterized by a notable decline<\/a> from $2.8 to $2.5 before rebounding at this level.\u00a0<\/p>\n

Interestingly, this fall towards $2.5 was highlighted by a crypto analyst on the TradingView platform, who also noted a breakout potential. Crypto analyst TehThomas previously identified the $2.5 level as a key Fair Value Gap (FVG) that could act as strong support and recent price movements suggest that buyers are now stepping in after hitting this level.\u00a0\u00a0<\/p>\n

XRP Tests Key Fair Value Gap At $2.50<\/h2>\n

TehThomas\u2019 analysis highlighted $2.50 as a<\/a> significant liquidity zone where XRP could establish support before continuing its uptrend. This level has acted as an imbalance in price action during this cycle and has often caused a reaction as traders step in to fill the gap. At the time of the analysis, XRP was trading at $2.64, but the analyst noted that the cryptocurrency could keep falling until it reaches $2.5 and rebounds upwards.\u00a0<\/p>\n

Over the past two days, XRP has moved in line with this projection<\/a>. The cryptocurrency retraced from $2.64, dipping to as low as $2.47 before showing a swift recovery. The rapid bounce from this zone indicates that buy orders were concentrated at this level, and bulls who anticipated a reaction here also stepped in.<\/p>\n

Now that the decline and rebound have played out as expected, the focus is now on how XRP will behave in the next few days. Having tested and respected this $2.5 support zone, the next question is whether the bulls can build on this momentum<\/a> and push upward.<\/p>\n

Demand Zone To Send The Altcoin Soaring<\/h2>\n

With the Fair Value Gap showing signs of acting as strong support, crypto analyst TehThomas believes the next critical step for XRP is breaking above a descending resistance trendline. <\/a>The breakout point for this descending resistance trendline is around $2.65, and the path between $2.5 and $2.6 is the demand zone for opening long positions. However, there is also the possibility of a retest of the descending resistance trendline after a breakout. If the XRP price can successfully retest and hold above the trendline, it will provide confirmation of the bullish momentum for a further upside move.<\/p>\n

Should this scenario play out, XRP\u2019s next target sits at $3.00, which is another key Fair Value Gap. TehThomas notes that reclaiming this level could trigger an extended rally<\/a>, with further upside potential beyond $3 depending on market conditions.<\/p>\n

At the time of writing, XRP is trading at $2.55.<\/p>","protected":false},"excerpt":{"rendered":"

XRP\u2019s price trajectory has had ups and downs in the past two weeks. Particularly, the large part of the past seven days was characterized by a notable decline from $2.8 to $2.5 before rebounding at this level.\u00a0 Interestingly, this fall towards $2.5 was highlighted by a crypto analyst on the TradingView platform, who also noted […]<\/p>\n","protected":false},"author":0,"featured_media":46049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46048"}],"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=46048"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/46049"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}