A narrow price movement is formed on the graphics per hour, which increases the pressure on the market, while the indicators of the positive impetus began to appear gradually on the longest deadlines, reinforcing the expectations of price XRP positive in the short term.
Although at the end of May, he canceled a large part of the gains of the month, the beginning of June restored the momentum, which made him return strongly to the list of “best cryptocurrencies to buy”.
Despite the prudence that controls the market, in the light of the decline in most alternative currencies due to concerns about the American economy and indicators of the slowdown in the labor market, any slight recovery can now transform itself into a strong wave of increase if the current indicators continue.
An hour of deadline approaches imminent penetration
This narrow range is found in a descending channel which is about to penetrate, because the last hours have shown strong candles on the watch graphic, supported by high trading sizes, which predicts serious ascending Saudi movements.
Looking at the four -hour graphic, we see that the same channel is considered a collection area in an increasing scientific model, which increases the possibility of positive penetration. The high volume of trading in recent green candles also gradually reflects the climbing of market confidence.
If the current momentum continues, it can make gains of 5%, bringing the price to $ 2.33, widening the height wave that the market started in June. However, the daily XRP graph reflects the most clear state of dominant uncertainty at the global level.
The external factors remain strongly influenced, because customs tasks should apply to the European Union on June 9, as well as the developments in commercial negotiations between America and China, which makes the morale of the new market for this news.
Are you waiting for XRP’s price: what is the full image?
This positive pressure is in conjunction with the weekly test of the scheme for the level of correction of Fibonacci 0.5, which is often considered as a sign of the correction bottom.
And in the event that the gains are obtained by 5%, we can attend the prices out of the main support area in the upper flag model which has been formed since the end of 2024. The penetration of this barrier can completely change the management of the market.
If the momentum continues, the model indicates a hacking goal of around $ 4.38 before the end of the year, which represents a possible increase of 2 times compared to current prices.
The MacD index is moving upwards and approaches the intersection on the signal line in what is known as the golden intersection, which supports this positive expectation. On the weekly time, this often indicates that the long -term rise in the long -term is formed.
In addition, the RSI index (RSI) is still in a positive area greater than the neutral line at 51 years, which indicates that the continuous purchase pressure to lead the longest lancers to the climb, although the balance is still fragile.
Traders must monitor Fibonacci’s next level of correction at $ 2.27 for a successful confirmation, which improves the health of the high -end flag model.
By looking at the future, June 17 is a major catalyst, where the final decision on the investment funds immediately disseminated (ETF) is expected to XRP in the United States.
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The position of expectations of XRP prices: a narrow range and possible penetration around $ 5 can occur during the first hours of Arab Cryptonews.
