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The price of XRP has decreased by more than 3 % in the past 24 hours, with the increase in the sales volume in the market
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Despite the declining pressure, the price of XRP seems to go to a strong height as the assembly is approaching from the edge of monotheism
The XRP price currently faces tremendous pressure for sale, which has pulled levels of less than $ 2.2 during early trading hours. The symbol broke the main support levels and verifying the health of a declining pattern with a high level of sound over two billion dollars, indicating that traders could have jumped out of their positions. But what forced them to do so?
The price of XRP of Ripple was affected by multiple factors related to essential and technical factors. The basic system was recently combined with traditional financing instead of fully replacing it. On the other hand, Ripple took a different path and opens 1B XRP From the guarantee In the middle of the ETF bumpy.
The opening of a billion XRP adds the risk of supply in the short term, but the real effect depends on whether it enters the open market. Consequently, the XRP opening cycle sends mixed signals as Ripple broke its routine with a huge internal rear mixing and closed most of the symbols in the warranty account. So what next? How will the XRP price reach $ 5 as expected?
The price of the XRP tested the upper resistance of the weekly similar triangle for textbooks after months of monotheism. The distinctive symbol is traded within the preparation of a bullish continuation and approaches the collapse area. Since the price of the XRP remains within the accumulation of the bear market that extends from its lowest levels in 2022 to the last weeks of 2024. Therefore, once the price is violated to resist the flag, the distinctive symbol may increase by approximately 500 %, similar to the bull pillar and its height over 4.5 dollars and may reach 5 dollars.
