Towards the end of last weekend in the crypto money market and after the fluctuation at the weekend XRP Coin Altcoins such as again settled in the focal point. According to CoinMarketcap data, Altcoin, which is an increase of 2.24 percent in the last 24 hours, is currently trading at $ 2.19 and trying to compensate for last week’s losses. XRP’s $ 3 level, which has been in pursuit of weeks, has become a re -accessible target with this recovery. However, it remains unclear when it can reach this level.
Symptoms of rise in the price of XRP
XRP The level of $ 2.20 stands out as an important resistance point. Every time Altcoin reaches this level, the public sales of market makers withdraw the price.
The existing technical indicators point to a positive turn. Relative power index The negative tendency in the (RSI) indicator is reversed. The RSI, currently at the level of 47, shows that excessive sale pressure is reduced and a upward movement is expected. Simple moving average Other technical indicators such as (SMA) also created a pen formation that should be followed carefully. XRP price Since it is traded under the nine -day SMA, the likelihood of this resistance is increasing.
With the latest price performance, the XRP continues to be one of the leading Altcoins to be monitored. With the rise in the last hours, weekly losses fell only to 2 percent.
Obstacles to 3 dollars target target
Price recovery in XRP crypto currency Reflecting the tendency throughout the market, expectations for the $ 3 target has been strengthened with an increase in transaction volume. This clearly demonstrates how much support among the leading Altcoin is among investors.
In particular, it is observed that large investors in XRP are also active in whales. In the coming weeks altcoinCollective projections that will rise further have increased significantly. For this reason, the movements of these major investors play a key role in shaping price momentum.
The XRP price last saw the last $ 3 threshold in February. Since then, it has been priced under this threshold. Spot XRP ETFDespite the optimism around the surrounding factors and other basic factors, this local summit continues to be a challenging task to predict when to reach. Market conditions resistance levels and the general mood of the market will be the main elements that will determine this timing.
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.
