XRP prices analysis reveals Ripple in motion, since XRP Crypto Swings High, leading daily profits in a fuss of fuss, what is happening?
The day began wonderfully for the cryptographic world when the green percentages flashed next to the SVG Important; }
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24 h volume
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->
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and other cryptographic tickers.
It was time for this rebound in the market, and now people breathe deeply after seeing an increase in prices. We are going to immerse ourselves in another Crypto market analysis!
The SEC withdrew their claims against Ripple executives at the end of 2023, and finalizing the demand has been a slow progression since then.
Today, XRP ranges Third for market capitalization with $ 158 billion and a price of $ 2.70+. Yesterday, another closed meeting was held to the public To reach some type of settlement between the sec and the undulation. Meanwhile, the team has continued working and building.
Only in:
Sec $ XRP ETF.
– Watcher.guru (@watcherguru) February 13, 2025
The work in the ETF continues and seems to be a matter of time before XRP is negotiated in traditional markets. The Internet is full of developments, as well as talking about European adoption and others: Japan. This makes the fundamental case look quite strong.
XRP price in ramp: The benefits (or not) of the retrospective on Ripple
(XRP/USDT)
I want to start with this graph, which dates from May 2022 and July 2023, approximately one year of one year within the daily period. We see a clear rectangle range, as well as perfect reactions around its average range.
The measure in July was caused by a positive announcement of the XRP Court case, which resulted in a mass purchase candle. Sometimes it is difficult to catch these outbreaks as they happen. And they can often catch long merchants, yearning before a candle closes, and accidentally buys as seen in April and June, although during the session it may seem like a break.
This big candle and fraud, in effect, acts to manipulate merchants with a false message of ‘the perfect purchase signal’.
(XRP/USDT)
Technical Price Analysis XRP: Forgetting the retrospective XRP shows the future (view)?
Well, not really … prices continued to immerse for the rest of July and until October 2023, and people lost their positions. Scammed by the market? In case of doubt, move away!
Patience is one of the most difficult qualities to develop in terms of trade. And another whole year is what is required patience so that the price saves the average range for the last time, in July 2024. We have the benefit of today’s retrospective, we now try to develop a future view.
(XRP/USDT)
Then, in this last table, we are seeing the daily term and the price action after the electoral bomb (seen in the previous table). I have identified an upward channel here and a SFP. The trend line remained well, and I hope we visit the top of the channel in around $ 3.60- $ 3.70.
There is a clear and strong rebound of the lower trend line of this ascending channel, and the lower form rounded gives it a good range of XRP’s reach to continue pushing in the short term.
In fact, the RSI indicator remains low in the short term, without any sign of overvaluation, reaffirming our rise in $ 3.60.
The lowest supports remain available at $ 2.4 and $ 2 in the case of a channel breakdown, in general a seemingly optimistic proposal.
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