Popular cryptocurrency analyst Cryptonary has recently shed light on his predictions concerning the XRP price and has revealed there might be a pullback for the cryptocurrency’s price.

Crypto Analyst’s Prediction For XRP

Cryptoary took to his official X (formerly Twitter) handle to share his recent prediction on the price movement of XRP. The X post was accompanied by a short video clip to further elaborate on his prospects.

The crypto analyst’s prediction was fueled by the recent price decline of XRP from its highest point of $0.73 this week and believes that the token price fell due to the rejection at the $0.70 key resistance.

“For XRP, we’d be very cautious here. Price has moved into a major resistance at $0.70 and has initially been rejected from this level. Alongside this, we’ve seen leverage significantly increase with longs ape’ing in,” he stated. 

Currently, the price of XRP is sitting at $0.69. According to Cryptonary, the crypto asset’s major support stands between $0.62 and $0.64, and the token needs to maintain this level in the short and medium term.

Despite the $0.62 and $0.64 support ranges not being healthy, the crypto analyst still believes that there might be a meaningful pullback within these price ranges.

The Cryptonary’s post also shed more light on the token’s Relative Strength Index (RSI), noting that it contributed to the price rejection. According to him,

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Author: Godspower Owie

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