XRP topped the headlines in the encryption market after they were briefly overwhelmed to become the third largest encrypted currency according to the market value. The price of XRP has risen to above $ 2.61 for the first time since March 6, which represents a strong restoration of the digital asset. However, at the time of writing this report, XRP returned to fourth.
At the same time, Market experts notice a positive change In XRP price charts. During the past few months, the price of XRP has been affected by a declining difference, which kept its growing growth. But in recent days, this style appears to have ended.
The 3 -day relativity index (RSI) has now moved over its previous levels, indicating that the currency is gaining strength and can continue to move up.
XRP price analysis: signs of collapse ascending
On the daily chart, XRP tries to break above the main resistance level about $ 2.45 to $ 2.46. However, to confirm the collapse, it needs to close a daily candle over this line. If it succeeds and can cross $ 2.58 to $ 2.59, this may mean a large upward trend.
If this happens, XRP may not only rise in the short term, but it may also continue to perform well over the next few weeks or even months. On the way up, the price may face some obstacles for levels such as $ 2.77, $ 2.95, $ 3.15 and $ 3.30.
5 dollars on the horizon?
Some analysts suggest that we may already be in a direct upward stage, as the price aims directly towards the mark of $ 5. Either way, as long as the support continues, the focus remains at the highest prices. In the short term, XRP may continue to stretch up, with a new small target group ranging from $ 2.77 and $ 2.97. This can be the following area of attention to merchants looking for an upward confirmation.
