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The expectations of Ribel prices after the decrease of 2.6% this week: is XRP the price of its course on this subject?

The price of Ripple-XRP decreased by 2.6% this week despite the renewed hopes of a possible regulation between Ripple Labs and the American securities and exchange committee (SEC), so that the XRP price is currently summed up to around $ 2.17 with negotiation sizes of $ 1.77 billion in the last 24 hours, which represents an increase of approximately 0.35% compared yesterday.

Despite the dominant optimism on the achievement of a solution that can reduce financial fines and organizational pressure on the company, the general weakness of the market and the profit harvesting activities to push merchants to join on the side of prudence.

Colony conferences between hopes and obstacles

An proposed agreement can settle the dispute and reduce the fine imposed on the company from $ 125 to 50 million, which sparked a wave of enthusiasm, but judge Analisa Torres asked the two parties to be justified to cancel his previous decision.

According to lawyer John Deaton, the judge demands that “exceptional justifications” accept demand, and although Diton sees a probability of 70% to achieve a regulation, this ambiguity has prompted enthusiasts to increase the price of XRP. Until the judge does not stop clearly, the effects of legal ambiguity will remain negative on commercial dynamics and will pay more sale to make profits and put the merchants in a waiting state.

Provides XRP support under opposite market conditions and the stability of technical indicators

Despite the developments of the judicial dispute, market indicators have remained weak, because organizational concerns and general mood have diverted their weight on the long -term XRP prices, because it seems technically that the price goes through a relative stability stage:

  • There is a descending trend line which prevents the price from exceeding $ 2.28 to $ 2.29
  • XRP price movements with a 4-hour fork without medium SIA (AMA-50) approximately $ 2.20
  • There is a support level in $ 2.10 -2.14 $
A graphic graphic for XRP / USD, Source: TradingView

While the momentum gradually increases from the middle to the increase with the start of the MacD index by drawing green graphics bands, but the commercial candles are closed at the highest opening level suggest the frequency and not a direction down. It should be noted that the XRP price movements did not constitute artistic models such as the “three black crows”, in an indication that the sellers will not be redeemed, which open the way to a possible penetration if the confidence of the buyers is reinforced.

A proposed trading plan:

Here are the expectations of XRP prices in the predictable term:

  • Rising catalyst: When closing a candle with a range of 4 hours greater than $ 2.20 and the downward trend line
  • Goals: $ 2.285 and maybe $ 2,338
  • Loss of stop: Without the slightly recorded brand at $ 2.145
  • Declined speculation: Break the level of $ 2,145 can open the door to the test of $ 2,086

Summary

The slight setback of the XRP price this week reflects the intensity and attraction between doubts and opportunities; While settlement discussions fuel the state of optimism, the indications for technical indicators have remained absolutely decisive.

The motivation can go through a good start that pays the price to exceed the EMA-50-A scale from 4 hours to $ 2.20, which can open the way to test the $ 2.29 to $ 2.34. On the other hand, price stability can lead to a yield of $ 2,145 per level of $ 2.09.

The result of the BTC Bull is almost $ 8.1 million, and the mortgage of 57% attracts the last breathtaking buyer

With the stability of the price of ribel currency (XRP) around $ 2.17, the attention of the investor was transformed into promising alternative currencies, in particular the BTC (BTC) with the stability of the price of the wave currency (XRP) around $ 2.17 7.182 017.52 out the prescribed increase; Its current price is expected to increase by $ 0.002,565 immediately after reaching it.

BTC Bull is directly connected to the launch of Bitcoin via two basic mechanisms:

  • Rewards foreign currency owners with free BTC distributions, while giving priority to subscription investors.
  • A repeated burn of the BTCBull supply automatically more $ 50,000, which will support its value and gain the character of rarity.

The project also provides an exciting annual mortgage (APY) of 57%, with more than 1.85 billion currencies currently, which allows:

  • Do not stipulate crises or fees.
  • Provides liquidity on request.
  • Win an effortless stable income, even during fluctuations.

This single mortgage mechanism is suitable for both decentralized financing systems (DEFI) and new investors who seek to gain income without making an effort.

Due to a few hours to stay at the start of the current subscription phase, the momentum increases at an accelerated pace and the advantages of the correlation of the value of the BTC coin with the launch of the Bitcoin currency, the mechanisms of increased rarity and the flexibility of the mortgage increases in the motto of the currency; What is interested in sharing must move quickly before increasing the imminent price.

The expectations of post-reibel prices after having decreased by 2.6% this week: XRP is the price of its path? APPLERDIRST on Arab Cryptonews.

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