The escalating tension across the middle east is casting a dark shadow over crypto markets right now 🖤 with BTC slipping to 62000 after missing its 63000 support during the day.
XRP Slips Into The Shadow Zone 🌑
XRP wasn’t spared either as it dipped below 1.05 after getting rejected at 1.20 following those mid-July market moves. Now the asset clings to its final defense line before any bullish push toward the 1.00 zone must happen 💀.
Popular analyst EGRAG CRYPTO highlighted the 1.05 level as a true battlefield area 🕸️ noting earlier that it held for now yet the 4-hour chart shows mostly lower highs in a bearish setup.
A solid hold here could open the door to a bounce past 1.083 and back above 1.10 which flipped into resistance.
Analyst Eyes The 1.30 Reversal Prize 🔮
EGRAG sees an even brighter path ahead with the major price target at 1.30 if recovery builds momentum 🦇. But any clean break under 1.05 sends things straight toward that liquidity pocket near 1.00 he warned.
“warned” https://x.com/egragcrypto/status/2083431317702664510
Mikybull Crypto shares the view that XRP holds hidden strength for a sharp comeback 🌙 with the reversal setup still loading despite current gloom. His long term chart lines up today’s structure with the one from two years ago when price sat compressed near 0.60 before blasting to fresh highs in under a year.
“Before the last run, I screamed for you to buy at a crazy discount. The opportunity is presenting again,” https://x.com/MikybullCrypto/status/2083608670890291603
History offers little comfort though because August has brought pain for XRP in each of the last four years.
Just another echo from the void by iconofsin.eth 💖
