When he approaches the possibility of canceling his recent correction, XRP demonstrated incredible stability over the past 24 hours, fixing 8% price recovery. Since it was well restored from the pressure of the sale at the beginning of the week, the assets are currently trading about $ 3.18.
After the successful XRP recovery from the $ 3 support level, which served as an important area of the buyer’s interest, the price rose. Soon, in the volume of trading, which involves the revived confidence of investors in the ascending asset trajectory, provides additional support in the circulation of the bull.
With a significant amount of 267.2 million dollars. The USA was clearly active. Technically speaking, XRP continues to stay above its 50 and 100 EMA, strengthening its strong position in a bull tendency. The asset also retained more than $ 2.65 that its preliminary resistance, which has become a supported level, which can serve as a strong base for the future increase in prices. With RSI now 66, there is more bull impulse, but the overwhelming area is still available.
Looking into the future, $ 3.35 is where the XRP will probably encounter the next significant resistance. If this level is broken, this can lead to a second test to the last maximum of about $ 3.50. Such a step will confirm the constant bull -fiber market trend and, possibly, will attract additional investors. However, a decrease to 3 or even $ 2.80 may be inevitable if the XRP cannot support its ascending trajectory.
The ability of XRP is quickly bounced from corrections, and market moods are still positive. While this overcomes the current levels of resistance, the effectiveness of the asset over the last day indicates that it is in a strong position for further growth. A recent 8% spike in XRP suggests that there is a significant bull impulse.
The ability of the asset to adhere to the level of support and confrontation of resistance will determine whether this rally develops in the legally continuation of its ascending trajectory. For the upcoming key move, traders must carefully monitor the level of resistance level $ 3.35.
