XRP refers to a possible upcoming upscale, which is likely to raise the original to the highest new level ever in double numbers.
This possibility comes at a time when XRP merges the top of $ 2 crucial, with a $ 2.5 region as an immediate resistance to watch.
According to the crystallized currency analyst concluded on Martinez, XRP can reach a $ 15 rating because the digital origin has separated from a similar triangular style on the monthly graph, as mentioned in X mail On March 16.
This similar triangular style, which has been formed since 2018, has previously historically increased the main prices. With the tightening of the price procedure, the XRP has recently rivers over the upper direction line, indicating a potential upward trend.
If the hacking continues, XRP can enter the price discovery stage, with an expected goal of $ 15, which may push the market value to 870 billion dollars. However, the main resistance levels remain, and any declines towards the hack area can test the investor’s confidence.
The main support for XRP to watch
At the same time, an analysis before Egrag Crypto On March 16 overwrought This is for XRP to pay about 3 dollars, the support should carry $ 2.2. According to the analysis, XRP is traded within an upward channel, with $ 3 as a major field of the next concentration.
If $ 3 is penetrated, the next main goal is compatible with the upper trend line, which is estimated at $ 4.80 to $ 5.
The broader composition indicates that XRP is in an extended accumulation stage, with an outbreak that is likely to lead to an increase of 510 %, targeting $ 14.84 as a long -term projection. However, the failure to keep $ 2.22 can witness a re -test of lower support near $ 2.17 before resuming the upper direction.
As FinBold, standards on the chain supports the possibility of mobilizing XRP, given that the original has registered the highest level ever in the number of titles near the seven million mark. However, the origin can be volatile, given that Ripple has been assigned to launch a large XRP of warranty holdings.
It should be noted that the XRP community aims to grow continuous prices after the outbreak of the original from long unification less than one point. One of the incentives for this growth can stem from reports that indicate that the situation between Ripple and the Securities and Stock Exchange (SEC) may move towards a decision. In fact, the case has long been martyred as a factor that suppresses XRP growth.
On the other hand, XRP may see strong capital flows as several in circulating investment funds are waiting for SEC, as analysts estimate an opportunity for 65 % by October.
XRP price analysis
XRP has been traded at $ 2.31 by the journalism time, after it decreased by more than 5 % in the past 24 hours. However, the origin remains green on the weekly graph, and it collects about 3.5 %.
At the current price, XRP shows weakness in the short term as it remains less than the simple moving average for 50 days (SMA) of $ 2.50 but much higher than SMA for 200 days than $ 1.64, indicating long -term strength.
Market morale is neutral, although the fear and greed index at 30 indicates caution of the investor. Volatility is 8.44 %, and the relative strength index (RSI) at 50.50 does not indicate non -excessive conditions in peak or.
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