The price of XRP decreases by 3 % with merchants rushing to buy this sale of $ 10.5 million
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The price of XRP has decreased by 3 % in the past 24 hours of trading at $ 2.48 from 03:24 AM EST on the trading volume, which increased by 51 % to 3 billion dollars.
This withdrawal comes at the price of a ripple symbol at a time when the Federal Reserve realized the efficiency and mechanisms of consensus on the wings (BFT) in a research paper discussing safe payment systems.
This recognition enhances the importance of digital assets such as XRP, stars (XLM), and Hedra Hashgraph (HBAR), which use differences in BFT -based consensus mechanisms.
️ Federal Reserve officially embraces BFT, XRP, XLM, and HBAR in safe payments
The Federal Reserve has officially admitted efficiently and consensus of the horizon agreement (BFT) in a research paper discussing a safe boost … pic.twitter.com/2pj0j2nx8u
– Smqke (SMQKEDQG) February 21, 2025
Distinctive symbol analysis: The budget wave structure in play?
the XRP price The graph on the time frame for 12 hours It is clear Elliott wave style, indicating that XRP is in the midst of the rush step of five waves.
The waves have already been completed (1), (2), (3), and (4), with the current price uniformity apparently it is the early composition of the wave (5) Geckoterminal Data.
The latter ripple icon is tested by a major request area, which has been marked in purple, which is in line with the SMA and SMA for 200 days on the 12 -hour graph that works as dynamic support.
Meanwhile, the RSI Index (RSI) is in 39.94, which is near the sale area. This indicates that the pressure pressure weakens, and the possible recovery may be on the horizon if the buyers enter.
XRP prediction price
Looking at the structure of Elliott wave, support levels, and technical indicators, the XRP price may be about to start the wave (5), which may take the price towards its highest levels.
If the XRP price exceeds $ 2.39 – $ 2.48 from the support zone and regains the level of 2.60, the next goal will be $ 3.50 – $ 4.00 based on Fibonacci extensions for previous waves.
However, if the price of the ripple code erupted less than $ 2.39, it may follow a deeper correction, it is possible that support will be tested from $ 2.00 to $ 1.88 before another attempt in the upward direction, within the fair value gap (FVG).
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