XRP, cryptocurrency with a real interest in global border payment, suffers from a stagnation of prices for some time. The value of XRP remained less than $ 2.50 in the last 30 days, as the price continues to fluctuate in the digital asset market.
XRP is closed in the price range
According to CoinmarketCap DataThe price of XRP $ 2.08, which represents an increase of 2.36 % in the past 24 hours. However, trading volume decreased by 27.54 % to $ 1.72 billion in the same time frame.
The complex situation with the XRP price may stem from the lack of interest in the market participants in investing in the currency. XRP has always been trading about $ 2.06 to $ 2.09, but he could not reach higher levels.
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Technical indicators indicate that XRP has slipped from an ascending wedge. If the XRP bulls cannot interfere in increasing prices, the currency may collapse below the support of $ 2 and decrease to $ 1.60.
However, optimists in the ecosystem expect that XRP will manage to climb to $ 2.25. If this happens, XRP may be free from current prices.
XRP Bulls and General Market Asctive procedures are still very important to the next movement of the currency. It should be noted that XRP has been flexible despite the uncertainty in the broader coding space in recent times.
Eyes in July: Will the date of XRP be repeated?
Looking at developments in Asia, Altcoin may start with a positive transformation experience in expectations. As U.today mentioned, XRP has gained a traction for institutional adoption in Asia, where Hashkey Capital announced the first XRP tracker in the region.
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The product, designed for professional investors, can enhance the regional institutional adoption of XRP.
Growth in adoption may positively affect price dynamics and push it to re -test the 2.50 dollar level in the short term. According to a historical precedent, some expect a double two numbers for XRP in July.
