XRP technical indicators destroy the hopes of investors, as the data shows that the expected golden cross -composition is not imminent. Earlier this week, XRP merchants were excited because the assets flip up a bullish sign, but with the passage of days, they were falsified, with the golden cross.
XRP momentum slows down
It is worth noting that the golden cross is formed when the moving average in the short -term moving medium crosses in the long run. This indicates the reflection of a long -term long -term trend to the upward trend. However, with XRP, this did not happen, although the market anticipation.
You may also like
The data reveals that the XRP death cross has been extended now, as the moving averages flashed for nine days and 21 days, the homogeneous signals. This leaves the price within a range of $ 2.14 and $ 2.19, indicating that the currency has formed resistance at $ 2.20.
As of the time of the press, it was XRP commerce At $ 2.16, a decrease of 1.09 % over the past 24 hours. Although XRP penetrated 2.20 dollars for $ 2.23 sauce in previous trading sessions, the currency was lacked the momentum to keep the gathering.
The trading volume of the currency is not also upward as it decreased by 3.81 % to $ 2.6 billion in the same time frame. In order for XRP to get rid of its current declining expectations, a large -scale growth is required for a possible difference above $ 2.20 and a subsequent footnote to $ 2.30 to $ 2.35.
Should XRP investors panic on price expectations?
You may also like
Despite the declining expectations, investors remain confident of the flexibility of XRP and do not expect a sale. As U.Today mentioned, more than 80 % of XRP holders are currently profit and do not need to participate in selling panic.
This knowledge is a batch of market participants and can lead to a potential recovery of the coin in the market. If there is an increased activity, such as transactions reinforcements and other high -level networks, XRP may have a positive price movement.
