XRP price pump to $ 3.35 on the horizon with the formation of the upholis and handle cup style
The price of XRP is preparing for an important pump, as if it is new Cup and handle The style has just been formed on the graph. The encryption analyst that defined this style issued an analysis, expecting that XRP may rise to $ 3.35, which represents a new local rise in the encrypted currency.
The cup and deal with a pattern to make an increase in prices
The cup style and the handle is a well -known bullish pattern as the price of the encrypted currency moves up in a rounded cup and is corrected down because it is a handle. This pattern is considered a Bullish This represents the possibility of outbreak.
Currently, XRP is formation Distinctive price plan style. Ali Martinez, a prominent encryption analyst, participated in a brief analysis of this newly formed artistic style, with an increase in the new highlands of the price.
The bottom part of the cup in the style indicates a The accumulation period During it, the pressure pressure decreases and the buyers get control. after Increase the XRP price To new levels earlier this year, the encrypted currency witnessed The main clouds This prompted its value to less than 3 dollars, which constitutes the uniformity of the descending bending seen in the pattern handle.
Martinez notes that if the currency is able to get out of the handle resistance, as there is more volatility, the next possible goal will be $ 3.35. currently , XRP price It is circulated at $ 2.6, and Martinez has been distinguished The level of critical resistance Between $ 2.7 and $ 2.8. These resistance levels are in line with the upper direction line of the handle style, which, once broken, would pave the stage for a strong crowd.
It is worth noting that the increase to $ 3.35 represents an increase of 28.8 % at its price of its current market value of $ 2.6. As of the writing of this report, the cryptocurrency increased by 9.6 % over the past seven days after it was exposed to a decline of more than 14 % last month.
XRP enters the 4th phase of domination on the market
Despite the current Low fluctuations and low pricesCracks analyst, determined as “The XRP Guy”, believes that the price of the distinctive symbol is close to controlling the market. analyst open The encrypted currency is currently in the fourth stage of its ascension to hegemony, as this stage is distinguished by the potential party Legal battle between Ripple and US SEC.
The analyst has shown that XRP has already completed the previous stages. The first stage was the launch Rlusd Stablecoin; The second was Donald Trump’s inauguration As the American and third president, Gary Ginsner’s resignation was as a former head of the Securities and Stock Exchange Committee.
The following three stages are scheduled to become great incentives for the price of the original. The encryption expert also mentioned the start of the very expected altcoin season, Possible Ripple partnership with Big BanksPossible approval and launch Xrp etf. The analyst suggests that these events will make them incredibly optimistic and recommend investors to work their coins and refrain from selling.
Distinctive image from Adobe Stock, Chart from TradingView.com
