XRP has increased by more than 7 % in the past 24 hours, up to its maximum market near $ 150 billion. The encryption community is now discussing how its inclusion in the United States’s strategic reserve will affect its long -term price procedures.
Attention is also at the upcoming Crypto summit at the White House on March 7, which can play a major role in shaping market morale. Whether XRP continues to gather or face new resistance that depends on these developments and whether technical indicators confirm the ascending trend.
XRP DMI shows buyers still control
DMI from XRP explains that ADX is currently at 18.49, a decrease from 36.2 four days ago, indicating that the strength of its direction has weakened significantly.
+DI (positive trend index) is at 25.1, to the bottom of 50, while the -di (the negative trend index) rose to 14.4 of 9.3.
This shift indicates that the upscale momentum has faded during increased pressure, making it difficult for XRP to create a strong upward trend.
The average trend index (ADX) measures the trend strength on a scale from 0 to 100, with readings above 25 indicating a strong direction and values less than 20 which indicates a weak or not present momentum.
ADX from XRP in 18.49 indicates that her current attempt to form the upward trend lacks strength. The decline +Di explains that buyers may lose control, while RISing -Di notes that sellers gain land.
If this trend continues, XRP may struggle to maintain an upward step, but if ADX picks up again and Di +may return, the bullish momentum may return.
XRP active headlines are pressed at the highest new level ever
The active addresses have increased for 7 days from XRP to 1.16 million, which represents the highest level ever.
This sharp increase comes after the scale reached only 236,000 on February 27, indicating a significant increase in network activity during the past few days.
Activist tracking is important because it reflects the user’s participation, transactions and general demand for encrypted currency.
The number of active headlines is often an increase in dependence and benefits, which can support price growth. Although the encryption community is wondering whether XRP should be inserted into the strategic coding reserve in the United States, this rise in activity indicates strong participation in the network.
If this trend continues, this may help maintain the XRP bullish momentum, which may lead to high prices.
Will the Golden Cross make XRP soon?
EMA lines from XRP indicate that the golden cross can be formed soon, as the average averages continue to rise in the short term. If this upscale signal is achieved, the XRP price may test the resistance at $ 2.74, with an outrage that is likely to send the price to $ 2.99 and up to $ 3.15.
However, this depends on the main developments, including the following steps related to the strategic reserve for encryption in the United States and potential ads at the Crypto summit at the White House on March 7.
Tercy Jin, MEXC Operations Director, BEINCRYPTO:
“The approach to establishing a controversial strategic reserves may require either an executive or permission from Congress, which may undermine the stability of politics in the long term. While Trump’s initiatives are expected to enhance the market confidence and attract institutional investments in the short term, but uncertainty exceeds the effectiveness of policy, support of Congress, and the reactions of the international market in the medium to the long to the long. Developments closely and control their strategies accordingly.
On the other hand, if it fails to build a bullish trend and increase the pressure pressure, the support may be tested at $ 2.50, with more payment to $ 2.33.
The lower direction can pay the strongest prices to $ 2.06 or even less than $ 2, and a $ 1.95 test.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
