Technical tracks to break the barrier of $ 3

Ripple is about to collapse over decisive resistance at the upper boundaries of the 2.5 dollars. A successful penetration can lead to a new crowd towards the threshold of $ 3.

XRP analysis

Daily chart

After buying buyers on a 200 -day main moving average near $ 2.1, XRP rose to a decisive resistance area. This critical area includes the upper boundaries of the lengthy sphin style at $ 2.5, which is a strong barrier for buyers. The collapse above this level, followed by a successful decline, can start a bullish gathering towards the highest level in Ripple ever at $ 3.4 in the middle of the period.

On the contrary, the refusal in this resistance is likely to lead to a stage of unification inside the wedge, providing the market time to rebuild momentum. In general, XRP remains limited to the upper boundaries of the sorry and moving averages for 100 days and 200 days, pending the outbreak to determine its next main direction.

The graph for 4 hours

Within the time frame for 4 hours, the Ripple campaign towards the boundaries of the vicinity of $ 2.5 is to increase the upward pressure. However, the price faced a slight rejection at this level, which led to a decline to the short -term support area at $ 2.3. This area is likely to provide a temporary ground.

XRP is currently trading within a narrow range between 2.3 dollars support and the upper boundaries of the sorry. The most likely scenario is the bullish collapse over this structure, which paves the way for a continuation of the resistance area of ​​$ 3.