The analysis of the XRP prices reveals Ripple in motion, while XRP Crypto gets up high, bringing the daily earnings to a fury move – what is happening?
The day began magnificently for the world of cryptocurrencies while the green percentages trembled next to the SVG .CWP-Coin-Chart {Wiidth stroke: 0.65! IMPORTANT; }
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And other cryptocurrency tickers.
The time had come for this rescue rebound on the market, and now people are making a deep breath after seeing an increase in prices. We go to another analysis of the cryptocurrency market!
The sec dropped his claims against Ripple managers at the end of 2023 and since then the conclusion of the cause has been a slow progression.
Today, XRP ranks Third by market capitalization with $ 158 billion and a price of $ 2,70+. Yesterday another meeting closed to the public was held To achieve a sort of settlement between the century and the undulating. In the meantime, the team has continued to work and build.
Just in:
The century recognizes the presentation of Grayscale 19b-4 for its place $ Xrp ETF.
– watcher.guru (@watcherguru) February 13, 2025
The work on the ETF continues and it seems that it is a matter of time before XRP becomes negotiable in traditional markets. The Internet is full of developments, equal to talking about European adoption and others: Japan. This makes the case fundamental rather strong.
Price XRP on Rampage: the benefits (or not) of the hindsight on Ripple
(XRP/USDT)
I want to start with this graph, dating back to May 2022 and July 2023, about a one -year interval on the daily period. Let’s see a clear rectangle range and perfect reactions around its average range.
The July move was triggered by a positive announcement by the case of the XRP court, which caused a huge purchase candle. Sometimes, it is difficult to capture these breakouts as they happen. And often long merchants can be captured, eager before a candle closes – and accidentally purchases as they see in April and June, even if during the session it might seem like a breakout.
In fact, this large scampic candle acts to manipulate the traders with a false message of “perfect purchase signal”.
(XRP/USDT)
Technical analysis of the price xrp: forget the knee xrp show future (view)?
Well, not really … the prices continued to immerse themselves for the rest of July and until October 2023 and people lost their positions. Scammed by the market? In case of doubt – Zoom!
Patience is one of the most difficult qualities to develop in terms of negotiation. And another whole year is what patience is necessary to bounce the price from Midrance for the last time – in July 2024. Today we have the benefit of hindsight, now we try to develop a future view.
(XRP/USDT)
So, in the latter graphic designer, we are examining the daily time period and the action of prices after the electoral pump (which is seen in the previous graph). I identified an ascending channel here and a SFP. The trend line did well and I expect that we visit the upper part of the channel at about $ 3.60- $ 3.70.
There is a clear and strong rebound from the lower trend line of this ascending channel and the rounded lower shape gives an area of ​​scope XRP a good area to continue pushing up in the short period of time.
In fact, the RSI indicator remains low in the short period of time, without any signal of overvaluation, which has rejected our target at $ 3.60.
Lower supports remain available at $ 2.4 and $ 2 in case of breakage from the channel, overall an apparently bullish proposal.
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