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The price of Ripple decreased by 11 % in 3 days, but here are some good news for the XRP army

TL; D

  • The Ripple icon across the border was recently rejected at a multi -peak line of about $ 2.7, and it is now less than $ 2.35.
  • Despite the decrease in prices from two numbers in just a few days, a specific technical indicator may have a purchase signal, which may lead to a reflection of the direction.

The scheme carried out by the famous encryption analyst Ali Martinez explains that the TD sequence, which is used to determine the exhaustion of the market in any of the two directions on the different time frameworks, provided “multiple purchase signals” on the XRP chart.

This comes after the Ripple code failed to overcome the above resistance on Monday and Wednesday and decreased to $ 2.3 earlier today, which represents a decrease in prices by more than 12 % in a few days.

The rejection of prices is in line with Judge Torres’s decision to reject a joint proposal submitted by the United States of America and Ripple to end a lawsuit with an official settlement of $ 50 million.

Previously, Martinez indicated that XRP had no significant resistance obstacles on its way to $ 3 and beyond. However, it has warned that the most important support is $ 2.38, which may cause more problems on the original if it falls below – which happened in the past 24 hours.

What can also be considered a landmark is the lack of new users on the XRP network, given that the average daily portfolios of a new wallet sat in 3500 a few days ago. According to Santiment, this number is behind the leaders, bitcoin (309,000 a day) and ethereum (112,000 a day).

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