Ripple (XRP), one of the closely followed assets of crypto currency markets, was traded at $ 2,2378 as of July 4th. While the price is less than 1 percent in the last 24 hours, it has been observed to watch horizontal in a certain band in recent weeks. Analysts and some indicators in the market indicate that despite this current stagnation, there is a 50 percent rise in the XRP price.
Technical indicators and price movements
One of the technical formations seen in the price of XRP stands out as a symmetrical triangular formation. Experts say that such a formation usually paves the ground for large price movements. The symmetrical triangle is a graphic pattern that indicates that the price can show a hard movement up or downward after stuck for a certain period of time. The exhibition of this model of XRP raises the expectation of a strong upward movement.
In addition to this technique, the market value in XRP has increased significantly in the recent period. Analysts draw attention to the increase in capital inflows and the regular rise in transaction volume contributes to the expectation of rise. This increase leads to a positive appearance in market expectations.
ETF developments and market effect
In the field of crypto currency, some investment products and funds also play an effective role in price expectations. Especially the total assets of the fund (ETF) traded on the XXRP stock exchange approach to $ 160 million is considered a remarkable development by the sector. Experts emphasize that the increase in interest in ETFs increases the interest in XRP and can create positive pressure on the price.
This size reached by ETF is seen as a sign that the investor confidence in the market has increased. Market participants say the increase in the capital size of the product, may be the pioneer of a potential upward movement on the price. The increase in the size of the fund reveals that corporate interest in XRP continues.
Some sector representatives say that tendencies and investor behaviors in the market should be closely monitored. In addition, as the total volume of products such as ETF expands, it is stated that a direct or indirect effect may occur on the price of the asset.
XRP Investment Specialist: “Developments on symmetrical triangular formation and ETF have a strong upward potential in the XRP price. However, the final movement will be shaped by investor behaviors.”
Market Expectations and Comments
Investors and market observers think that XRP is resistant to current levels and that the short -term volatility may increase. The price of the price is considered as a period of recession before the market determines a new direction. Experts, technical formation and the increase in the size of the fund may be preparing for a potential leap.
Market conditions and investors’ risk perception will be decisive on the price of XRP in the coming days. In addition to technical and fundamental developments, global economic data and sectoral arrangements may also affect short and medium -term price movements. Investors point to the importance of following the relevant indicators closely.
Ripple (XRP) 
$2.24 Although the price has shown a limited change in a short time, technical formations and the increase in the size of ETF are among the remarkable developments. Experts think that these factors may have significant impact on the price in the recent period. For investors, market data and news flow should be closely monitored; Care should be taken against sudden price movements. In addition to the potential powerful price movement, it is recommended to be cautious by evaluating the risks that may arise.
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.
