Quick overview

Live XRP/USD Chart

---

XRP fell more than 4 percent for the week, hitting its lowest point at $2 because of U.S. military strikes on Iran.  President Donald Trump called the U.S. military strikes on three Iranian nuclear facilities a “spectacular military success.”  The 200 EMA is the altcoin’s last line of defense at $1.94, and has historically caused faster declines when it falls below it.

Furthermore, the descending triangle pattern’s apex is getting closer, indicating an imminent breakdown when support erodes under stress. To reverse this trend, XRP must regain the $2.30–$2.40 range and close above it with substantial volume.

However, without a more universal market catalyst, the likelihood of XRP accomplishing this seems remote, endangering the future of the $2 mark.

 

 

The goal of Saturday’s strikes on three Iranian nuclear sites, according to President Donald Trump, was to neutralize the “nuclear threat.”

“Our goal was to eliminate Iran’s nuclear enrichment capabilities and to halt the nuclear threat from the top state sponsor of terrorism in the world,” Trump stated during a speech from the White House on Saturday evening.

Navy submarines fired 30 TLAM cruise missiles at the Natanz and Isfahan nuclear sites. Six B-2 bombers dropped a dozen 30,000-pound bunker buster bombs on the deep-subterranean Fordo nuclear site, according to a U.S. official. The official, who asked not to be named, said that two bunker busters were also dropped on Natanz by a B-2.