Bitcoin’s re -exceeding $ 90 thousand, XRP It has caused many Altcoin to make remarkable rise. The weakening of the US dollar and the search for a safe port of investors have caused a serious revival in the crypto currency market. At the center of these developments, XRP’s strong technical stance and investors’ expectation of a new breaking.
Crypto coins shine as the dollar falls
BitcoinFor the first time since March, it has exceeded $ 90 thousand. This rise was supported by the lowest level of the US Dollar Index (DXY) to the lowest level of the last three years. The depreciation of the dollar is gold and crypto currency It has led to alternative assets such as.
In a period of macroeconomic uncertainties, the expectations of the US Federal Reserve (FED) interest rate reduction also fuel interest in risky assets. Under the conditions that occur, investors are re -Bitcoin and altcoinbegan to consider the tools as a value storage tool. Moving in parallel with gold, Bitcoin’s strong performance has moved the general atmosphere of the market up.
Ethereum (ETH) increased by 13 percent, Solana (Left) and XRP attracted attention with a 7 percent increase. Dogcoin (Doge) became one of the most talked about Altcoins of the day with a 14 percent leap. In particular, the return of individual investors to the market brought a significant increase in volumes and prices.
XRP holds on resistance and holds
The XRP continues to be traded in a strong support zone between $ 1,21 and $ 1,55. Analysts say that this range remains structurally intact despite the volatility. Elliott wave analysisAccording to the potential of a fifth wave of ascension for Altcoin on the table.
The local summit on April 13, the $ 2.25 level, is seen as a critical threshold for the approval of a possible rise. In case of exceeding this level, the price is said to reach $ 5,00 – 5.65 dollars depending on the acceleration across the market first. When the article was written, XRP was traded for $ 2.25 with an increase of 8 percent.
However, the continuation of the upward movement is not yet guaranteed. The price of the price below $ 1,82 can initiate a deepening correction process. The technical analysis has no five wavy decline in the technical analysis, which shows that the risk of withdrawal is not yet confirmed. Nevertheless, investors have to act by taking into account the possible decline scenarios.
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.
