The fact that XRP is successfully traded over the multiple critical average averages indicates that it may be about to reversible and achieve a sustainable bullish step. After the resistance of the layers and the restoration of its location over the Emas for 50 days, 100 days and 200 days, XRP is currently trading at about $ 2.26, $ 2.25 and $ 2.28 dollars respectively.
Investors must monitor three decisive levels that can affect the medium -term XRP path because the price structure is currently technically in favor of Bulls. A bullish teacher was reached, with the last XRP outlook over EMA for 200 days. This field, which currently provides strong support, is necessary to maintain momentum. More bullish trend is supported by the structure as long as XRP remains above $ 2.28.
If this is broken, there is an opportunity to return the downward pressure and the price pays about 200 EMA from the previous monotheism, which is $ 2.09. The $ 2.60 region is compatible with a temporary psychological barrier and a high swing recorded in early May. The bulls will need a large size to break it because it was the point of rejection during the previous gathering. There will be an increase in the interest of the buyer and the payment of its highest multimedas if the market will be closed over $ 2.60.
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The level of $ 3.00 – a round number and a large psychological barrier – remains the final test in the near future. Although there has been no clear technical resistance yet, 3.00 dollars are widely acceptable as the next important level in the market. If it is broken above, the new bull stage may start in the long run.
In terms of technology, XRP is in good position. The stage has now been set for more gains as the price movement is higher than the important EMAS. But for this, XRP needs to stick to a $ 2.28 lounge, then $ 2.60, then challenge $ 3.00 – three levels that investors can not simply overlook.
