With the bitcoin momentum gained, XRP has risen about 20 % over the past 24 hours. Currently, XRP is trading at the market price of $ 2.69 and holds the maximum market of $ 156 billion.
As the third largest encrypted currency, it aims to increase a huge increase while recovering the encryption market. Will this bullish shift pay the prices of Altcoin until after the $ 3 psychological brand? Let’s discover.
XRP price analysis
In the daily price scheme, XRP offers a 50 % bullish shift from Fibonacci level. Taking an early reflection with a decrease in the rejection price, it bounces with a decrease at $ 1.94.
The bulls maintain dominance over the psychological mark of $ 2.00 and lead to a decrease in the rejection price. The reflection in the ALTCOIN price exceeds 28-23.6 % Fibonacci at $ 2.63.
Moreover, the bullish transformation gained momentum with a huge increase of 34 % last night. This created a sunny candle that undermines the prevailing fall.
In addition, the recovery exceeded the climbing line of the local resistance direction. Currently, a 8.53 % decrease during the day is also offered with a lowest level in 24 hours at $ 2.52.
Low rejection of the price in the candle inside the day comes as the best reflection of the broken resistance line. Moreover, the rejection of the low price is revealed by the upholstery support at the level of 23.6 % Fibonacci.
Will the price of XRP cross $ 3?
In support of post -tape reflection opportunities, MACD and signal line give a bullish intersection with an increase in a new positive graph. With the inclusion of XRP in the American Strategic Crypting Reserve, President Donald Trump announced, the upscale momentum in Altcoin rose.
Based on Fibonacci levels, the emerging trend in XRP is expected to reach a $ 3.29 roof. Moreover, Pivot Point Standard projects targeted at $ 3.63, followed by a mark of $ 4.19. On the other hand, Altcoin’s decisive support level remains at $ 2.60 and $ 2.22.
