Can the Ripple-XRP price reach $ 3? The graphic plan and the support levels indicate a possibility of penetration nearby.
The price of XRP experienced a 4.5% drop in last week, with its last resumption, to rest after the strong momentum that it has won since last Wednesday. Will this decrease the price of the price of the XRP increase?
The currency is currently negotiated at $ 2.31 and is faced with high resistance at $ 2.66. Despite this drop, the volume of negotiation has increased by 72% in the last 24 hours, which indicates that the currency continues to continue even after the price drop by 3% during the day.
However, XRP is still the best digital currencies in the list of the 5 best currencies this year, reaching 11.4% of yields since the start of the year, to surpass Bitcoin-BTC, which has only reached 10.3% yields during the same period.
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Expectations of XRP prices: the price turns away from the average size of size in 50 days
The daily graphic shows that the medium movement measured in 50 days (EMA 50 days) operated as a support level for the XRP price until today’s session, indicating that prices are still positive at present.
On the other hand, the price of the average average movement SISI in 21 days – which did not represent the reliable level of support for a long time – but the presence of the price higher than the average movement in 200 days can signify the continuity of the increase compared to the long -term management.
After leaving the style of the descending triangle, the price has already reached two peaks, now its ascending direction as long as it remains above the second highest level ever. On the other hand, the level of support remains very high by $ 2.30, because it supports the upward trend and reduces the risk of reflection of short -term management as long as it remains firm.
Today’s session is decisive to the extent of the conviction of the Bulls (speculators at high prices), because the intervention of late buyers at this level can support the continuation of the emerging management, and can provide an attractive entry point for those who target more height.
Similarly, strong trading volumes in this range indicate that this is a major interest in investors on the market, which makes it an important level which should be monitored in the coming weeks.
And if this model is broken and decreased below, the measurable average movement of if will be in 200 days the next level of support to be monitored.
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Shops’ prices expectations: Bulls are involved after price stability in $ 2.30 level reach $ 3 this week? APPLERDIRST on Arab Cryptonews.