The wavy movements in the crypto money market this week XRP priceIt caused him to overcome the $ 3 threshold. Although US President Trump’s plan to include XRP in the strategic crypto currency reserves, he initially triggered the rise Jpmorgan skeptical explanations of organizations and macroeconomic uncertainties have been reduced to gains. Currently balancing around $ 2.40 XRPGives an important exam with a market value of $ 140 billion.
Why was the rise in the XRP price not sustainable?
Trump’s XRP Bitcoin (BTC) $86,114.01 And Ethereum (ETH) 
$2,138.94 The fact that it shows between strategic reserve assets and a sudden leap of 40 percent on Monday. But yesterday announced USA non -agricultural employment (NFP) data increased unemployment and inflation concerns suppressed the risk appetite. Investors’ profit purchases at the level of $ 3 prepared the ground for the decline of Altcoin to $ 2.40.
In technical indicators, it also gives signals that the rise pauses. In the 12 -hour graph Donchian channelclose to the upper limit of ($ 2,99), while observing a withdrawal, Macd The slimming in the histogram attracts attention. Analysts say that $ 2,47 is a critical support point. A permanent breakage below this level can pull the XRP up to $ 1.95.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
JPMorgan: Strategic reserve approval for XRP is difficult
JPMorgan Global Market Strategy Director Nikolaos PanigirtzoglouThe US Congress, including the XRP, including small crypto currencies as a reserve asset is likely to approve the possibility of less than 50 percent. “It is difficult to include reserves because of the volatility and regulation concerns of assets other than Bitcoin and Ethereum,” Panigirtzoglou said.
Reminding that similar reserve plans have failed in states such as Montana, North Dakota and Wyoming, Panigirtzoglou drew attention to the obstacles to the XRP’s 200 billion dollar target. Investors in technical analysis altcoin He emphasizes that the target of $ 3,20 is only possible with the increase in volume.
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.
