The price of XRP maintains a company of more than $ 2 as a site for merchants in a possible recovery, with derivative data that alludes to the upscale momentum for the next week.
Ripple (XRP) carries a company higher than $ 2 and is waiting for clarity markets
Ripple (XRP) carries volatile prices during the past week. XRP price was closed in the last three days of the week with 17 % losses, and decreased to $ 2.06 on Saturday, before Bulls returned to recover $ 2.10 at the time of the press on March 31.
Looking at the next week, the market momentum is in balance.
Clarification merchants are awaiting the confirmation of the American conference of the EC Candidate Candidate in Trump, Paul Atkins, a more suitable option for encryption to replace Gary Ginsner. Amid fears of conflicts of interest, investors will closely monitor.
If ATKINS confirmation faces rejection, many traders may be able to start selling, and they may lead a price of less than $ 2 next week.
125 % increase in positive start -up trading options for the week
While XRP held a company with two dollars in the immediate markets, traders seem to put optimistic bets in the derivative markets.
Coinglass“The latest data shows that the volume of XRP options has increased by 125.93 % to $ 7,540, while the open interest grew by 149.56 % to 978100 dollars. This significant increase indicates that investors put an active position for a strong move.
In addition, the tall/short/short ratio of 0.9708 in the past 24 hours indicates almost balanced feelings, preferring some long situations. The Binance XRP/USDT/short/short account is 3.1, indicating that traders in the main stock exchanges expect a recovery.
The upper/short circulating ratio (accounts) on Binance is also at 2.8, which enhances this optimism.
Another upper signal is a 12 -hour filtering data, which indicates that long situations worth $ 3.86 million remained flexible compared to short liquidation $ 1.78 million. This indicates that long traders are more confident in their positions, which reduces the possibility of a great sale.
However, traders should remain cautious about the total decrease in trading volume, a decrease of 15.03 % to 7.27 billion dollars. This slowdown in market activity can limit the xrp x -capabilities unless fresh incentives appear.
At the time of the press on Sunday, the price of XRP appears to be flexible at $ 2, as derivative traders put up bodies on the bounce. If positive momentum continues, XRP may target $ 2.50 next week.
However, the organizational uncertainty surrounding the confirmation of the SEC chair remains a major risk factor for viewing.
XRP price expectations: XRP collapse can be sent to $ 2.50 next week next week
XRP price expectations are still optimistic that the distinctive symbol maintains stability higher than two dollars, despite the formation of a declining banner on the daily chart. The equivalent sar points above the candles indicate constant declining pressure, but the narrow Keltner channel (KC) indicates that the fluctuations are contracting, and may be sharp preparation. The XRP price recently tested the low KC border at $ 2.0273, reinforcing it as a major support level.
A bullish scenario appears if XRP regains the Middle KC line at $ 2.3043. The decisive closure above this level may push the momentum towards the upper border at $ 2.58, which paves the way to re -test 2.50 dollars next week. Increased open -attention options from derivative traders enhances the issue to move the upward trend.
However, the collapse is less than $ 2.02 can nullify this view. The daily closure below may lead to this level to further liquidation, exposing the price of XRP to a $ 1.90 region. As the size and the homosexuality are still dominant, the bulls must quickly restore $ 2.30 to confirm the reflection. Until then, XRP merchants should monitor continuous momentum shifts before adhering to the fixed trend.
Related questions (common questions)
The price of XRP is more than $ 2, but traders are closely watching organizational updates and derivative signals for more prices.
The increase indicates the upward morale, as traders put in the recovery of potential XRP prices amid uncertainty in the broader market and organizational developments.
If the trends of updates continue and improve market morale, the XRP price can test the resistance level of $ 2.50 this week.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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