XRPIn the last five days of the price chart, the technical signals have introduced crypto currency investors into a new summit expectation. When the 23 -day moving an average of 200 -day average, the price increased from $ 2.90 to $ 3.50. Now the average 50 -day average is preparing to overcome the same obstacle, so that the possibility of two gold intersection is on the agenda. While the transaction volume maintains its strong course, the price is still just below the hill values.
Double gold intersection fired xrp price
First gold intersection It arrived on July 17, and this technical development allowed the price to gain more than 20 percent in minutes. In the graph, the short -term 23 -day average is seen as a classic sign of the rise trend. Volumes increased for five days after this intersection, green candles came in succession and sales pressure significantly decreased.
Now the eyes have been converted to the second gold intersection signal where the 50 -day moving average would cut the 200 -day average. Such a consecutive intersection sequence was seen before the past rise cycles were rare but before strong acceleration. While the market activity remains high, the price range is expanding instead of shrinking. This shows that there is still more space for possible new rise.
Technically the first target 4.20 dollars level
Analysts remind you that the price of the last month’s triangle formation is still technically carrying the target of $ 4.20. At that time, XRP gained approximately 700 percent from $ 0.50 to $ 3.50. The only 20 percent leap to the target level leads to investors to follow the potential before going to profit recruitment.
Experienced market commentator Equipmentlast week, $ 6,90 could be a full -loop summit, claiming that the expectations further increased. The existing graphic structure does not show any fatigue signs, the increase in volume and the green candles burned in a row make the upward attack at the higher levels of $ 4.20 and then at higher levels. There is no major indecision signal on the investor front for now.
The calculations indicate that if the $ 4.20 dollars are exceeded, the rise may not be limited to a short -term leap. Analysts recall that the fractures of similar structure in previous cycles are led by wider trend turns. XRP marketThe scenario of $ 6,90 remains on the table because there is no cooling.
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.
