The price of XRP is looking to a high price level to $ 8, which will determine a new rise (ATH) for encryption. This comes amid speculation that the US Securities and Stock Exchange Committee (SEC) was appointed to recognize XRP ETF applications.
XRP PRICE EYES RALY to $ 8 amid XRP ETF resolution
in X postDark Defender’s encryption analyst that the price of XRP can collect to 8 dollars. This came as he assured the market participants that the XRP structure had not changed for 18 months. He added that the encryption has successfully followed this path during this period, which indicates that it is still possible to reach this expected level of $ 8.
The encryption analyst also stated that Fibonacci levels are accurate at $ 5.85 and $ 8.76, which reach $ 1.88 previously, and XRP now uses this level as support. In this way, Dark Defender advised the market participants to ignore fear, uf and suspicion (FUD) and focus on the upcoming developments.
These developments may include XRP ETF applications, which can be recognized by the United States soon enough, paving the way for possible approval. As COININAPE mentioned, this ETFS XRP would significantly affect the price of XRP, which may contribute to the gathering to the target of $ 8.
Meanwhile, the planned plan showed that XRP will reach this 8 -dollar goal to move from the 5 wave to the upward direction. The graph also showed that this gathering to the price level may occur between May and September.
The ups off the encryption
In X Publication, Crypto Egrag Crypto analyst presented an upward look at the XRP price. He stated that the XRP price procedures are still firmly over the Blue Blue Channel, the most prominent of which is on the graph. The analyst added that this indicates both strength and momentum in its current direction.
Then discussed EGRAG Crypto the daily relative strength index in XRP (SRSI), which was revealed is about to collapse above the critical level of 20, indicating a possible upper upward shift. The analyst alluded to the wave direction index, which revealed that he recorded a bullish cross, a development that indicates favorable expectations of the upcoming price movements.
Finally, the encryption analyst also touched on the size of the balance (OBV), which it detected remains in the green color while it is high. According to him, this indicates an increased purchase pressure. This trend is also said to indicate that a large price movement may be on the horizon.
It should be noted that EGRAG Crypto recently expected that the price of XRP could reach $ 13 in this market cycle. Meanwhile, XRP also expected $ 110 in the next bull cycle.
Boluwatife Adeyemi
Boluwatife Adeyemi is a writer and editor of the encryption news that covers the topics that exceed Defi, NFTS, smart contracts and the interfering operating capacity in Blockchain, among other things. Boluwatife has a talent to simplify the most technical concepts and make it easy for the novice encoded. Outside of writing, he is a thirsty basketball lover and part -time.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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