An analyst has shared what he believes are the optimal entry points for XRP, the native XRP Ledger token, as the market’s overall bearish trend continues.
XRP’s south spiral has entered its fourth consecutive week as the crypto market continues to decline. Notably, analysts consider this correction healthy and insist that assets should consolidate for sustained upside after a bullish breakout.
As XRP consolidates, an analyst has updated the community on the asset’s current price movement. In a December 30th postThe founder of MN Consultancy, Michael van de Poppe, provided sniper entries for XRP to make maximum profits.
XRP remains the same
The top strategist claims that nothing notable happened on the XRP chart. This is particularly consistent with a previous claim by analyst Egrag Crypto, who insisted that XRP remains on course despite the downward trend.
Additionally, Van de Poppe noted that the native XRPL token is consolidating after an uptrend. For comparison, the digital asset rose over 400% in November on bullish macroeconomic factors like resignation from US SEC boss Gary Gensler and Donald Trump’s victory.
Meanwhile, the analyst mentioned price levels that he believes are optimal entry points. He marked the levels on an accompanying 1-day timeframe chart, indicating that XRP could rebound from key support areas.
Strategist shares ideal higher time frame entries
According to the analyst’s chart, that is Support area around $1.8185 is a potential buy zone for XRP. Notably, the asset has rallied twice from this area, restoring the strong wall of demand around this crucial support.
For context: XRP…
