XRPthis week with a value of 15 percent attracted attention. The support of long -term investors (LTH) and partial recovery in general market conditions is the basis of the rise of crypto currency. Despite the fluctuations in recent days, investors keep their assets without selling their assets and the improvement in technical indicators reinforces the goal of test the XRP’s $ 2.70 level.
Long -term investors in XRP fill the eye
XRP Average coin age (MCA) data shows that long -term investors do not pose sales pressure. This group of investors showed that despite the price waves in recent weeks, they have not disposed of their assets and protecting their belief in the future of crypto currency. The trust of long -term investors by giving a “collection” signal to the market Ripple $2.54It prepares the ground for the recovery of the XRP of XRP.
Stability in MCA, which is a critical indicator in technical analysis crypto currencyInvestor’s psychology indicates that positive. This confirms that XRP is in an organic growth process rather than short -term speculation. In addition, the fact that market participants do not sell at low levels helps to strengthen the price of $ 2.33.
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Rise dynamics in the XRP market
Technical indicators for XRP reveal that the decline trend is weakened. Average Movement Index (ADX) showed that the Bearish (fall) trend lost its power by declining below 25.0. This decrease in ADX means that XRP can increase the acceleration of rise in the coming days.
Price movements also support this improvement. The XRP was able to rise to $ 2,54 during the week to test $ 2.33. 3 days price graphProtection of this level can allow the crypto currency to rise to $ 2.70 and then target $ 2.95. However, if the $ 2.70 resistance cannot be exceeded, it may cause XRP to enter consolidation in the $ 2.33 – $ 2.70 band.
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.
