XRPAfter the last withdrawal, he recovered and started to be traded just below the $ 3 threshold. In the weekly graph, in July, the decrease trend, which becomes evident around $ 3.40, maintains the effect of incompatibility, but signs of balancing. While the powerful demand ground in the $ 2,70–2,80 band is maintained, the price has been deployed at $ 2.97 with an increase of 3.83 percent in the last 24 hours. At the moment, the appearance indicates that the upward movement may continue due to the overcoming of critical thresholds.
Support for XRP – Diareç Map
Price graph2,70-2,80 dollars in the $ 2,70-2,80 stands out as the main defense line that absorbs the pressure. Every time this range was tested, the activation of buyers prevented deeper losses. The decline trend mismatch in the weekly time period has created weight for months on the price, but the price of the price on support indicates the gains of strength with the gradual rise of the bottoms. The short -term rise scenario remains valid unless the flow of order does not hang under this region.
The first obstacle above is in the $ 2,93-2,94 band. Then the psychological $ 3 threshold and the harsh sales wall between the $ 3,10–3.15 range will be followed. The confirmation of the volume with volume and hourly/4 -hour wax closing over $ 3.15 can trigger the movement towards $ 3,30–3.35. The hill of $ 3,30–3.35, which sellers frequently defend in the past, is an intermediate target rather than an intermediate stop. This threshold should not be expected to accelerate permanent trend without breaking.
The direction of Bitcoin and possible scenarios for XRP
XRP’s graphic is largely the locomotive of the market Bitcoinshaped in the course of the course. The fact that the largest crypto currency is permanent and provides power confirmation of over 118,000 dollars supports the general risk appetite and increases the likelihood of the XRP to walk to the upper resistances. However, if Bitcoin’s market share increases at the same time, capital rotation may be the largest crypto currency. In such a table, XRP may perform relatively weak performance even if it joins the rise. The common expectation among analysts is that the net direction signal from Bitcoin will be the main determinant of the direction in Altcoin.
The mainstay of the positive scenario in the short term is the protection of $ 2,70–2,80 and exceeding $ 3 resistance. The approved transition on $ 3,15 will open the movement area towards the 3.30 band. A permanent sagging under the basis point can deepen the correction. For this reason, the risk management is required to follow up gradual strategy and confirmed breakage. Together with all this crypto currencyAs the power accumulation continues, the possibility of preserving the recovery tendency in the XRP and entering the fourth quarter with new peak trials.
