XRP is currently trading at $ 2.09, indicating a slight decrease of 1.03 % in the past 24 hours. The size has a slight increase of 0.31 %.
The cryptocurrency displays many major artistic patterns that drew attention from merchants. Will this rapidly swing 2.80 dollars?
Will XRP defend $ 2.00 or broken less than the main support?
The disputed trend line can be seen on the graph, starting from the level of $ 2.50 on March 25 and up to the current price of $ 2.10. This trend line works as a large resistance, and the price rejects continuously.
The XRP price procedure has honored these levels, as a level of 0.236 works as an immediate resistance slightly higher than the price of the day at $ 2.10. The price trend form a clear unification area between $ 2.06 (0 level FIB) and $ 2.15 (0.236 FIB level).
Moreover, the XRP price has been combined in this region since March 29. A double-top formation is formed near the 2.15-2.16 dollar level.
This landmark pattern was formed between March 30 and April 1, with two distinct peaks at almost identical price levels. The pattern indicates a possible pressure for sale, taking into account its occurrence at 0.236 FIB ($ 2.15) and resisting the descending trend line.
The RSI is 40.53, less than 38.68 moving average. This is a little early mode.
The indicators of the Human Asset Conference have been oscillated at the bottom of the midfield since March 26, confirming the declining mood in the market. However, the last height indicates a possible weakening of the pressure pressure.
It can target a break higher than $ 2.16, the descending trend line at about $ 2.20, while the collapse less than $ 2.06 can target $ 2.00. The main resistance levels at $ 2.15 (0.236 FIB), $ 2.21 (0.382 FIB), and the psychological level of $ 2.20.
Ripple opens 1 billion XRP, the price is fixed
Ripple begins the next round of the distinctive XRP icon distribution. This represents the second 500 million XRP width flow. This step is part of the long -term release strategy for Ripple designed to maintain the market liquidity and stability.
According to Data on the seriesA total of 1 billion XRP was transferred as usual from the warrant to the address that was controlled by the ripples on April 1 and April 2. This portfolio already contains 11 events in the prescribed future, indicating that Ripple remains on a clear and consistent path.
Usually, large openings like this create price fluctuations. But this time, the bulls seem to be kept.
