XRPAfter losing $ 3.0 support at the beginning of the week, sellers increased the pressure. In the graph, the short -term 50 EMA’nın long -term 200 EMA’nın under the form of death, while the transfers of large wallets to stock exchanges accelerated. In the daily graph, the $ 2.95 dollar region works as resistance. Although the price tested this area for a short time, it could not provide permanence. Currently, eyes support $ 2,81. The downward breakdown of support can trigger a correction that can carry it to $ 2.72 and from there to $ 2.
Critical turn on the XRP graph
XRP graphFor the third time in August, the death of death is seen. In the previous two formations, the price was withdrawn from $ 3,12 to $ 2.93 on August 15, and on August 18, from $ 3.03 to $ 2.93. While the short -term tendency weakens, the risk appetite in the market decreases with this technical table.
$ 2.95 in the daily time period could not be permanently overcome as a fibonacci level. The region works as the first obstacle to the reaction trials. The price, which could not settle on it, encountered sellers on each turn and deepened the jam with tape contraction.
Below is a critical threshold of $ 2.81. The price of the price under this line can increase the sales pressure of the XRP to $ 2.72. This is the last prominent defense area before a deeper withdrawal began. 2 dollars on the other hand, if the weakening increases, the psychological level that may come up.
XRP entrance to the stock market has climbed again
According to the data provided by Cryptoquant, with profit purchases, large wallets XRP Coin Transfers also increased. On August 13, whale entrances to Binance, the price of approximately 29,805 XRP, the price decreased from $ 3.27 to $ 3.08. On August 16, the stock market entrances, which made a bottom with 900 coins, rose to 6,293 XRP as of 21 August and increased by about seven times.
In the past, similar jumps triggered decreases. For example, after the increase on July 30, the price decreased from $ 3.09 to $ 2.76, and after the increase in August 3, from $ 3.07 to $ 2.96. The direction of flows to the stock exchanges was often decisive for short -term trend, and there is no reason not to avoid it again.
If you are up to date stock market entrances If it exceeds the hill of August 13, it will be recorded as the first higher hill in the fall trend. This table can accelerate aggressive sales and additional short -term printing on the price. In order for the price graph to return in favor of the buyers, the entrance to the stock market must be weakened and then the volume of $ 2.95 should be passed.
Cryptoappsy According to data, XRP is traded at $ 2.86 with a decrease of 1.48 percent in the last 24 hours at the time of the news.
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.
