Ripple 78 % of “extreme greed” enter the United States of China’s commercial talks in Switzerland
The price of Ripple (XRP) is merged less than $ 2.5 on Saturday, May 11, with 5 % gains. Fear and greed index alludes in the coming days with the start of the United States and China commercial talks to alleviate the continuous mutual tariffs.
Ripple (XRP) is lower
Ripple (XRP) failed to keep up with the competing class 1 after a $ 50 million settlement with the United States.
Traders used the news -based gathering for gains, which reduced the resistance of $ 2.50.
XRP price gains on Saturday are 5 % late, behind ETHEREUM and Cardano by 10.5 % and 7 %, respectively, according to the latest data from Coingecko.
Despite poor performance, XRP trading volume remains high. Average weekly sizes is 38 % higher than average 30 days.
The momentum indicators on the graphs for 7 days and 14 days show a double price growth.
This indicates the basic strong demand and the investor’s confidence, which leads to the creation of a unification base for potential penetration.
The 2.50 dollar sign is still a psychological significant resistance level.
XRP tested this threshold three times last month, each time it retracted the increase in the sale pressure.
Instead of slipping without a sign of $ 2, positive feelings from the SEC settlement and Trump softening position on commercial deals may increase another ripple price in the upcoming sessions.
The American -Chinese commercial conversations in Switzerland can raise the feelings of XRP
At the same time, diplomatic influences between the United States and China attract the investor’s attention. On Saturday, the commercial envoys met in Geneva for customs tariff negotiations.
US Treasury Secretary Scott Beesen is leading the American delegation, where Deputy Prime Minister heads the Lifeng team to the Chinese side.
The talks follow the most famous economic escalation. A 145 % tariff wall in the United States on Chinese imports, and the suppression of counter -measures by 125 % in Beijing bilateral trade sizes. Goldman Sachs make this customs tariff that will double inflation in the United States to 4 % by the end of the year. Even the half of the current rates may not restore regular trade flows.
The market participants are closely monitoring data from Washington.
“80 % tariffs on China appear right! Even with Scott B,” Donald Trump has posted on the social truth, indicating both pressure and flexibility of a tariff of up to 150 % currently imposed on some imports from China.
Trump’s softening position on commercial policy and aggressive calls for interest rate discounts in capital flows, the appetite for investor risk and the global market address positively.
XRP Fear and Greed Index enters the extreme greed area
Ripple’s feelings on the market indicate high temperature. The XRP is a current reading of 78, with firmness in the “Granding” area. This represents a sharp rise in low monthly values of 49 days ago.
The main indicators such as price motivation, social feeling, and size all shed “extreme greed.” Only whales and network domination are late, indicating institutional caution.
This trend, as well as geopolitical optimism and strong technical support at $ 2.25, can pave the way for XRP to challenge 2.50 dollars again.
If the price of ripples continues to unify this threshold above, the path becomes more realistic, especially if trade negotiations offer or rotate capital from Bitcoin.
XRP price expectations: Bulls to target $ 2.75 if XRP scanned the MID-Keltner channel
The XRP price maintains a company of more than $ 2.44 on May 11, which indicates flexibility after touching the highest level during the day 2.48 dollars.
Although moderate withdrawal by 1.2 % on the daily closure, the structure remains decisively optimistic.
XRP is trading over the Keltner channel at $ 2.24, which now operates as dynamic support, while the upper range at $ 2.45 remains within reach, which alludes to the underlying upper pressure.
It is worth noting that the bbtrend oscillator has risen to 6.08, which confirms a shift in the direction force that supports continuity rather than fatigue.
The size remains high at 8 million XRP, as it is in line with the increase in the purchase momentum during the last three sessions, indicating that institutional flows and larger bearers accumulate.
While keeping XRP a strong position above an average of 20 days, the bulls are likely to test the psychological barrier 2.50 dollars again, with a goal of $ 2.75. The collapse candle remains intact, indicating that the follow -up is still in play.
Bitcoin also expects today up, trading at $ 63.4,000 with RSI near 57 and holds 50 days of EMA.
XRP usually follows the overall feelings of Bitcoin, and with BTC not showing any signs of reflection, the outbreak of XRP remains a technical support. In the short term, the homosexuality may appear if the price of XRP decreases to less than 2.24 dollars, which will nullify the current channel’s outbreak.
Related questions (common questions)
XRP faces strong pressure for sale at the resistance level of $ 2.50, although bullish momentum and positive news such as SEC settlement.
SEC settlement of $ 50 million reduced legal uncertainty, which briefly enhances XRP, but merchants got profits before continuous gains formed.
Yes. It can aim to improve trade relationships to inflation fears and raise risk appetite, with the preference of speculative assets such as XRP.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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