In this continuous uncertainty in the market, it appears that XRP, the original distinctive symbol of Ripple laboratories, is uniformly unified in a narrow range ranging between $ 2.31 and $ 2.53 in the past few days. This unification acts as a decisive support level, enhanced by the XRP rising line since late November 2024.
$ 12 million of XRP external flow
However, this level seems decisive for investors and merchants during the day, where they were accumulating and betting on the long side, according to the analysis company on the series. Coinglass. The immediate flow/external flow data reveals that exchanges have witnessed an external flow of $ 12 million from XRP during the past 24 hours.
This external flow of stock exchanges indicates a possible accumulation, which can create purchase pressure and push more bullish momentum. Historically, this level was a strong reflection of prices, which may explain continuous monotheism.
Merchants mixed feelings
On the other hand, merchants inside the day seem confused, which leads to the formation of similar long and short sites, as COININAAS data stated. At the time of the press, the increase in the number of merchants in the first place at the level of $ 2.31, with $ 33.35 million in long positions.
On the contrary, traders who hold short positions are excessive in the record at $ 2.45, with short centers worth $ 30.30 million. The scales on the series indicate that merchants appear to be confused, which leads to a bet on both sides.
XRP work current momentum price
According to expert technical analysis, XRP is integrated within a narrow range near the level of decisive support. Based on the modern measures of historical prices and patterns, if the assets explode from monotheism and a daily candle closes above the level of $ 2.53, there is a strong possibility that it may rise by 30 % to reach $ 3.30 in the coming days.
Despite unconfirmed expectations, XRP is traded above the Si -moving average (EMA) on the daily time frame, indicating that the original is in a bullish direction.
XRP is currently trading near $ 2.40 and has witnessed a decrease in prices by 2.50 % over the past 24 hours. During the same period, the trading volume increased by 25 %, indicating an increase in participation from merchants and investors compared to the previous day.
