Ripple $2.40‘s XRP around 2.5 dollars horizontal watched by 5 percent rise during the day. Ethereum 
$2,397.72 10.5 percent, Cardano 
$0.80084 It showed a much more impressive performance with a 7 percent rise. XRP investors turned to profit purchase immediately after a $ 50 million compromise provided by the SEC. Thus, the rise in the price was limited.
The technical limit in XRP’s performance
The price of Ripple’s XRP has tested $ 2.5 -dollar psychological resistance three times in recent weeks. However, this threshold was not exceeded with intensive sales. Nevertheless, the price did not decrease below 2 dollars and showed a 5 percent rise on a weekly basis. The transaction volume reveals that the investor interest continues with the average of the last seven days above the 30 -day average of 38 percent.
Technical indicators also confirm this consolidation. Binary rise signals in both 7 and 14 -day periods indicate that investor confidence continues. The price holds above the 20 -day average. This shows that buyers are effective in the short term. If the XRP manages to exceed the $ 2.5 barrier, a quick move to $ 2.75 or even $ 3 seems possible.
Investor behavior and global developments
After the agreement with SEC, it increased significantly in profit purchases. The large investor concentration is balanced with the increase in Ripple’s network domination indicators. It is important to provide permanence at $ 2.44 during the day show that purchases continue. However, the decline in the short term below $ 2.24 may invalidate the current rise trend.
In the global sense, the US -China trade negotiations affect investor sensitivity. The tariffs of customs in the negotiations in Geneva are at the forefront. Donald Trump’s comments on flexibility in tariffs trigger risk appetite. Goldman Sachs’ın existing obstacles in the United States in the United States that inflation may increase to 4 percent warning is followed. Geopolitical optimism and interest rate reduction expectations continue to create mobility in the crypto currency market, including XRP.
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.
