Ripple $2.51 (XRP) continues to make remarkable movements between the high market value. XRP, which rose by 34 percent in the last 24 hours, experienced a decrease of 18.79 percent immediately. While this high volatility creates uncertainty among investors, the price is currently trying to hold on a critical $ 2 level. If this support is broken, the risk of decreasing up to $ 1.50 is on the agenda. However, the purchases of whales and increased stock market outlets can ensure that XRP remains strong.
Important support zone in XRP
XRPUnlike other Altcoins, the USA is largely maintained its earnings after the US presidential elections. Long -term investors (Hodler) allow the price to remain above $ 2. When the daily graph is examined, it is seen that the $ 2 level offers strong support. However, a 50 percent decrease in the number of active wallets shows that market participants are cautious.
Technical indicators reveal that sales pressure has increased. Macd The indicator has a decline tendency and market sensitivity is weak. However, whale wallets continue to collect XRP. 100 million to 1 billion pieces in the last week XRP Coin The wallets holding a total of 2 billion units. These purchases are shown as an important factor that balances sales pressure.
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On the other hand, 99 million XRPs from the stock exchanges are withdrawn. This output from the stock exchanges corresponds to an increase of 94.12 percent compared to the previous day. Investors’ transport of XRP outside the stock market shows the tendency to store long -term storage instead of sales.
Will the price remain above $ 2?
In order for the XRP to maintain the $ 2 level, both technical and basic indicators need to be supportive. For now, this support point is seen as a low probability. The main reason for this is that individual investor entrances remain strong and increase the purchases of large wallets.
On the other hand, it is noteworthy that the delegation positions in the futures market rise. However, if this situation moves in the opposite direction,Short Squeeze“It can be an in trigger. In such a scenario, the XRP will be likely to rise rapidly. Therefore, existing levels are considered an opportunity for long -term investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
