Digital Payment Network and Protocol Ripple $2.31 It was observed that the long -term decline trend in the XRP price ended with the end of the legal process that lasted for more than five years. Technical Analysis reveals that signals that support the rise in the price chart increase. Experts say that the procurement pressure is employed and advanced price increases may be possible. However, care should be taken with the effect of market volatility and leveraged operations.
XRP Price Analysis: Released support and resistance levels
XRPby breaking the long -term falling trend line up and gave a positive change in the technical appearance. According to the technical analysis, with the support of Fibonacci correction levels, the price is expected to rise to 3.40 and $ 3.78. Analysts believe that the price of the price on these levels will strengthen the likelihood of XRP up to $ 5.
Among the popular market analysts Dark DefenderXRP’s price movements by evaluating the trend line by evaluating the procurement pressure, he said. In the technical analysis, it is seen that the large green candle bar confirmed the rise in the price movement and the buyers entered the market.
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According to analysts XRP price For the continuity of the bull trend, it needs high -volume purchases and stability at technical levels. While the price movement is closely monitored, the general course of the market may be effective on the price of Altcoin.
Pay attention to the risk of leverage with market volatility
Market observers point out that the rise in the price of XRP is not sufficiently supported by big investors. According to the data, a significant amount of XRP accumulation was not observed, while the futures market increased by 200 million dollars. Analysts say that price movements may be supported by leveraged positions and this can increase volatility.
Experts, at least one Spot XRP ETF It emphasizes that the approval of the application will support the rise in the price and even strengthen the acceleration of the rise. Especially if corporate investors enter the market, Altcoin can make parabolic rally.
Crypto currency analyst Ali MartinezHe warned that Ripple is risky due to the lack of large investor support of Ripple’s XRP2s. The technical appearance indicates that large investors should be activated in order to sustain the price rise in the price.
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.
