Ripple $3.13‘s XRP managed to maintain its course on $ 3 support despite the decline in the market during the week. Although the weak US PPI data on Friday triggered sales in the market, Altcoin’s price recovered again and increased over $ 3,10. The constructive meetings between US President Donald Trump and Russian President Vladimir Putin and Selection The new development in the case partially reduced uneasiness in the crypto money market.
In the SEC-Ripple case, the request for joint termination from the parties
Famous lawyer James blahIn the joint situation report submitted by the parties to the Court of Appeal in the SEC-Ripple case on August 16, they demanded the official reduction of the case. stated. The repetition of both sides to end the process of the process increased short -term interest in XRP and supported the rise of Altcoin on Saturday. The rapid recovery of the price after testing $ 3 on Friday shows that this price zone is determined by the buyers determination. As a matter of fact, on the last day of the week, there is an increase in XRP.
Despite the sales pressure of macro -based sales, Altcoin’s price holds the price of $ 3 gives confidence for the short -term upward appearance. In case the decision to reduce the case is clear, the expectation of strengthening the interest of investor and the trigger of new capital inflows stands out.
Gold intersection signal is preserved in XRP
In daily graphics XRPThe price of the $ 3.00 testing on Friday after the $ 3,10 tested around $ 3.10. Last week Gold intersection formation it is valid. 5, 8 and 13 -day moving averages approach each other on the day of the day. The positive intersection of $ 3.07 between the averages of 5 and 13 days, and the trend holds upward despite the wavy course.
The RSI has a 51.28 level, close to the neutral threshold and has the area required for rising by re -pronounced the purchase volume. The fact that the upper wick of the daily candle is leaning against short -term averages is often a precursor of a distinctive movement.
Resistances in XRP as the areas where sellers limited the rise last week stand out as $ 3.20 and $ 3.35. If these levels are exceeded altcoin With the recovery to be triggered, it can move its price to $ 3.65 and test the hill seen in July 2025. In an opposite scenario, a deeper withdrawal of $ 3, $ 2.50, will come to the table.
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.
