XRP Price Analysis: It should be overcome $ 2.30 for a permanent rise

From popular altcoins XRPImmediately after a sudden jump to the $ 2.30 level, withdrawing hard and surprised investors. Since April, the Altcoin, which has been stuck in the range of $ 2.00-2,10, has increased on the first trading hours of the week with an increasing volume of 50, 100 and 200 days. When the price descended under the resistance line on the same day, “Fake breakage” comments came to the agenda. Nevertheless, the mobility of the price showed that the receiving wing in the market is still strong.

Technical signals behind the hard rise in the price

The volume explosion in the XRP showed that the rise in price is not only liquidity manipulation. The increase in the transaction volume increased over the 50s and confirmed that the momentum returned in favor of buyers. Altcointhe averages of 50 and 100 days, which have been forced to overcome for a long time, left behind in minutes.

However, the 200 -day enlarged moving average could not be achieved and the rise remained fruitless. Although the price descends below $ 2.20, it continues to serve as average structural support. According to analysts, the protection of this line shows that the request is waiting and that it may occur rapidly under favorable conditions.

Possible breakdown scenarios and risks of the horizontal channel

The aggressive attack on the upper limit of the price of the price paved the way for a possible powerful rally by removing the weak hands from the market. The volume -backed leap triggered profit sales, but it also measured the receiving resistance. If new purchases will come XRP CoinThe level of $ 2,30 can be the target again.

For permanent direction determination, a daily closing of $ 2.30 is required. Otherwise, the price may be reduced to $ 2,10 support. While investors continue to keep their stops up to date in increasing volatility, they should closely follow volume and RSI indicators.