The price of XRP decreased to its lowest point in 12 days, as the sale of the encoded currency accelerated amid concerns surrounding Deepseek.
Ripple (XRP) decreased to $ 2.65, as it decreased by more than 21 % of its highest levels this month, reaching the ceiling of the market to 173 billion dollars.
The price of XRP is a doji candles pattern
There are signs that the price of Ripple can bounce as long as it is heading near the price level of $ 3. The closure of the trading session on Monday above that the price indicates the formation of long -legged Doji candlestick, which often indicates a strong reflection.
Doji is a candle style characterized by long shades and a small body, which means that the price is opened and closed at almost the same point. In many cases, this pattern precedes a reflection.
Another bullish indicator is that Ripple has formed a break and recovery pattern by moving to $ 2.6580, which is the highest swing since December last year. The penetration and restoration is a common significant signal in trading.
In addition, the XRP price remains much lower than the goal point. The graph shows that the currency formed a long flag column between November and December, followed by a similar triangle. The upscale flag pattern like this usually indicates the direction of more upward trend, and the length of the flag is often equal.
Therefore, measuring the same distance from the upper side of the flag indicates that the price of Ripple could reach $ 12.15.
Motivation for ripples
Ripple has many bullish stimuli that will help to pay to $ 12. Ripple Labs registered a money -sending license in New York and Texas, which enabled it to provide financial services in the states.
The open interest of XRP futures has remained high in recent weeks, up to more than 6 billion dollars – a significant increase in November at $ 650 million. The open attention number often reflects the strong demand for the currency.
Moreover, there are increasing possibilities that the Securities and Stock Exchange Committee will agree to Spot XRP ETF later this year. These difficulties rose to 73 % on Polymarket. A third party Data He explains that the Ripple USD (RLUSD) works well with a daily transition to approximately 260 million dollars.
