XRPdespite the negative atmosphere throughout the crypto currency market, on the verge of an important technical transformation. RippleIn the price graph of Altcoin’s short -term moving average, the “Golden Intellectual” formation appeared to overcome the long -term moving average. The XRP, which has not exceeded $ 3 since January, can gain acceleration of rise again thanks to this technical development. Currently the price is traded at $ 2.07 XRP Coinis preparing to push critical resistance points in the short term.
Does the gold intersection bring a new rise in XRP?
Frequently followed in technical analysis Gold intersection formationthe short -term moving average is realized by cutting the long -term moving average upwards. Formation is seen as a strong sign that the rise trend will begin by investors. XRP priceWith this approach to this critical stage, there was a new expectation of rise among investors.
If the formation occurs, the first target for XRP will be to exceed the $ 2,60 resistance level. Analysts think that if this resistance zone is broken, the price may show a rapid rise to the $ 3 level. For this reason, investors are cautious at the current levels, while at the same time waiting for a potential leap.
Developments in the Asian market increase corporate confidence in Ripple and XRP
In addition to the technical appearance of XRP, non -market developments support the price movement. Especially the latest developments in the Asian market altcoinIncreasing corporate trust. Hashkey CapitalAnnounced that it has launched its tracking fund specially designed for XRP Coin in Asia. The Fund is the second Altcoin supported by hashkey after Ethereum.
As the main reason for the election of XRP, it has been shown as advantages it provides compared to traditional financial systems, especially in cross -border payments. The establishment of the fund can ensure that Altcoin is more preferred for corporate investors.
Waiting for the US market continues. President of ETF Store Nate GeraciHe said that the approval of XRP -based ETF applications is only a matter of time. Geraci added that there was no reason for SEC to reject applications.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
