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Expectations of Ripple-XRP prices: is it based on $ 3.12 or falling again? What is waiting?

Ripple Trading settled today with an increase of 3.07% in the last 24 hours approximately $ 3.01, and the traders have anticipated a decisive breakthrough after months of stability in a cross range, and the market value of the currency is around 180 billion dollars, which makes it the third arrangement of digital currencies in terms of market value.

It should be noted that its momentum is a strong basis in the shape of the shape of the similar triangle since July, which is a technical preparation which generally precedes a strong beginning, and the style of the triangle shows the convergence of peaks and stockings gradually, which indicates that the balance of the powers of the purchase and the sale, but the last daily closure is higher at the level of $ 3, suggests that the growing motive has recently started to increase.

If the price of the training currency is to overcome it and stabilize the above, we can attend a good start to the main barriers in the coming weeks.

Ripple technical indicators support the upward trend

Technically, the average simple transmission line is 50 days (DMA-50) which is set at $ 2.93 a major level of support, while its counterpart is 100 days (DMA-100) to $ 2.63 and $ 3.95 at the end.

The structure of trading candles also seems to be positive, because the price has formed a plug to swallow higher than $ 2.93 before this week, which led to compensation for losses and renewed the confidence of investors in money.

Reading the relative power index (RSI) is a value of 54, which is available for more height before the excess purchase scope reaches, while the recording of a background of $ 2.93 will improve the possibility of continuing the growing track until November.

Trade parameters and prices for the currency of ripple

Despite the atmosphere of dominant optimism, the expectations of the prices of the currency of undulations remain balanced with the survival of traders with caution until decisive penetration, because prices failure can penetrate the barrier of $ 3.12 to cause a wave of short -term sales and return the price to $ 2.72 corresponding to the minimum triangle style. However, the general image remains positive as long as this structure remains in place.

Ripple, Source: TradingView

Regarding traders, a speculative offer can be opened with a decisive daily closure at the top of the barrier of $ 3.12, targeting $ 3.38 and $ 3.67 in addition to ending losses less than $ 2.92, and the price approaching the edge of the indicated model, the increased trading volumes and the general atmosphere improves until the beginning.

Here, it should be noted that a sustainable breakthrough does not only mean a growing reflection of the path, but can also be a start for a new wave of height that extends for several months. If the momentum continues, the price of the undulation can reach $ 3.95 with the support of investment establishments and strengthen the confidence of investors in the long -term vision of Ripple laboratories.

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Is the expectations of post ripple-xrp prices: is it based on $ 3.12 or fall again? What is waiting? APPLERDIRST on Arab Cryptonews.

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