XRPTested $ 2.45 on the morning of 10 July with an increase of 5 percent in the last 24 hours. The price thus returned to the range of $ 2,31-2.36, the most critical resistance zone of recent weeks. Analysts, today’s daily candle closing (July 11, 02.59 at 02.59) $ 2.36 dollars if the rise will continue to accelerate, he says. Otherwise, there is a warning that short -term sales pressure can be strengthened.
Critical Day for overcoming the resistance threshold in XRP
Today’s candle closure according to experts XRP Coinwill clarify whether it can cross the $ 2.36 barrier. If the transition takes place, it is possible to move to the $ 2.44-2.45 band and then to $ 2.61-2.62. The target in question coincides with the local summit on May 15th. Prominent in technical analysis rising channel formation It requires buyers to keep this region as a new support area. The process is followed in parallel with the increase in volume of the global crypto currency market on July 9th. Your transactions Binance And Coinbase It is seen that the stock exchanges are concentrated.
If today’s candle closure remains below 2.36 dollars, the purchase request may weaken and the price can be withdrawn to $ 2,31-2.27. This region seen in the short -term graph rising wedge formationHe overlays with the lower limit of. If the formation will be broken below 2.27 dollars, and the target of the sellers will support 2,21 to $ 2,17, respectively. For this reason, the volatility of the day will also depend on the positions of Asia, Europe and New York -based investors.
Process volume decrease scenario on the table
The limited global transaction volume stands out as the main factor that shadows the rise in XRP. Analyst Vincent Van Code may not be permanent unless the volume exceeds the $ 10 billion threshold. emphasized. Hard retreats, which have a low transaction density in history, require investors to behave cautiously. Analyst added that there may be leveraged processing liquidations in high volatility moments.
To Blockchain Analysis Company according to The price exceeded $ 2,39 and saw the highest level of seven weeks. 2 thousand 742 wallets that hold at least 1 million XRP controls a total of 47.32 billion XRP and the presence of these whales will be decisive in possible major price movements. The record -level supply condensation has the potential to increase the speed of both the rise and the possible correction. The wallet addresses in question played an active role in the rapid rise in March.
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.
