The double -lower double model is transformed on the ripple currency levels into one of the most important models of reflection on the typical price path, which is the lower triple model, which improves positive expectations of the price of the wave currency, because it seems that the wave of correction last week reached its beach with the start of a recovery confirming the support resistance for the level of $ 2.70 Currency.
This repurchase is accompanied by the consolidation of the currency of undulations on the traditional American financial markets, after the new public standards approved by the American Committee on Securities and Exchange) for CRIPS (ETPS) (FTE) products contributed to paving the way for money in the list of the Hashdex fund negotiated on the stock market for digital currency indicators.
This is supported by the procedure of the possibility of approving requests for the establishment of immediate trading boxes for the Ribel currency on the Stock Exchange (XRP Spot ETF) in the coming weeks with the deadline approaching requests submitted by several parties to create these boxes next October.
Discussions on macroeconomic factors also support these positive expectations; With inflation that approaches The target level of the federal reserve at 2% Hopes increase by continuing to reduce interest rates, with the possibility of stimulating renovated demand on risk assets such as undulation.
Ripple-XRP: Are they his last stations before the expected penetration?
Perhaps the current position is the last purchase opportunity to take advantage of the price drop before the price of the training currency after the training of the three stockings in $ 2.70.
The occurrence of a lasting increase in price at this level allows it to re-test $ 3.60, and above all, it will open the way to the penetration of the missionary flag model, which has spread since the middle of July.
However, the indicators of Momentum do not seem to be decisive, an opinion which supports it Analysts who need increasing purchasing pressure To confirm the decisive rebound on the level of support of the three stockings.
The relative power index (RSI) indicates 40 in an indication of the hypothesis of the sellers of the initiative even with the increase in the purchase participation rate, and the MacD index shows a similar change in the direction, as it has settled, which can represent an early gold intersection by bypassing the signal line, which confirms the reflection of the trajectory at the height.
If the flag of the flag model appears, the price of the ripple currency can start on a brand of $ 5, providing gains of 80% compared to its current level in a launch which allows it to record new higher levels and to test the vertical horizons that it has never seen before.
With the announcement of a multiple reduction in American interest rates and the emission of approvals to create ETF SPOT XRP and its role provided in stimulating the demand for money during the fourth quarter, It can extend its price to $ 10, which will allow 260%But all of this remains – to an extended measure – depending on the maintenance level of $ 2.70.
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The position of expectations of Ripple-XRP prices: the model of the lower three paving the paving of a strong price, then to what extent can its price increase? APPLERDIRST on Arab Cryptonews.
