Xrp The bullish force appears after leaving a similar triangle style on the graph for 4 hours. At the time of the press, the cryptocurrency trades at $ 2.56, in an attempt to keep momentum over the main resistance levels. Analysts monitor the price procedure closely, as technical indicators indicate more gains, with the emergence of $ 3 as a possible goal.
The outbreak of XRP of the strength of the similar triangular signals
The XRP cryptocurrency has been integrated into a similar triangle style, and it constitutes the lowest levels and higher levels over the past weeks. The penetration suggests that the momentum ascending is a building, as buyers pay the price towards the main resistance levels.
The upper limits of the pattern were tested near $ 2.49, and XRP has moved above this range. If the purchase pressure continues, the following resistance is $ 2.79, followed by $ 3.03, based on Fibonacci expectations. This step is in line with the previous patterns that led to a sharp increase in prices.
Technical indicators support momentum ascending
The RSI is on the graph for 4 hours at 64.76, indicating an increased purchase pressure. If RSI moves above 70, the XRP code can be included in the peak area, which may lead to a short -term correction before other gains. However, in cases of persistent upward feelings, the relative strength indicator can remain high for longer periods.
Moreover, Fibonacci’s re -imitation levels show support at $ 2.34, which corresponds to the previous unification stage. If the distinctive symbol maintains its location above this level, it may continue its upward movement. The daily closure of more than $ 2.60 would confirm a decisive outbreak.
The growth of the growing spot supports assembly
according to Data on the seriesXRP Cryptocurrency recorded a net $ 22.36 million on February 13, coinciding with an increase in its price to $ 2.56. Immediate flows indicate that investors transfer money to exchanges, and often indicates accumulation or preparation for more upward trend.
The net flow data also shows a trend of the higher green tapes, indicating that more purchase activity occurs in the XRP code compared to the pressure pressure. If this pattern continues, it may confirm that the movement of cryptocurrencies is supported by a strong investor request.
What can happen if XRP faces rejection?
If XRP fails to stick to the penetration area, the code price may be due to low support levels. The first support is $ 2.34, followed by $ 2.20, where buyers can intervene to defend the direction.
The rest that is less than these levels will nullify the upward preparation and may lead to a wider decline. Traders monitor the size and morale in the market to confirm whether the penetration will continue or if it is likely to decline.
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