It seems that the XRP currency has started to enter a more active stage after a period of fluctuation, as it penetrated the level of $ 2.20 and made strong gains before it declined a little to re -test some of the calls, and this move raises an important question. Was the currency to attract the attention of the emerging investors again?
Promotion and primary penetration
The price of XRP witnessed a clear upward movement after it found stable support above the level of $ 2.08, and the currency managed to exceed several resistance levels, including $ 2.15 and $ 2.20, registering an increase of 5% to reach a region of $ 2.335 before starting to correct a limited correction.
XRP is currently trading above 2.22 dollars, and settles on the simple moving average for 100 hours, which enhances the positive short -term expectations, and the graph shows that there is a clear rising trend line that supports the price from the level of $ 2.18, indicating that buyers are still in a power site so far.
Are we witnessing a new breakthrough soon?
If the price can exceed the resistance of $ 2.28, it may be the beginning of a new wave of height, and the following main resistance is located at $ 2.32, and if it is broken clearly, we may see the price targets $ 2.38, and it may reach 2.40 or even 2.42 dollars if the upward momentum continues, and the region is 2.50 dollars, the next important barrier that the buyers may face if the positive direction continues.
The possibility of correction is still standing
But if the price fails to penetrate the level of $ 2.28, it may go again to decline, and the first support is located at the level of $ 2.22, followed by more important support at $ 2.215, which coincides with the level of 61.8% of the Fibonacci correction of the last emerging movement from 2.141 to $ 2.336.
In the event that this support and closure are broken under it, the price may land towards the level of $ 2.18, and perhaps even a $ 2.12 region, which will postpone any hopes of a close breakthrough.
Technical indicators
Technical indicators show a slight decline in the rising momentum as the MacD index loses some of its speed in the positive area, and in return the RSI relative index remains higher than the level of 50, which keeps the chances of climbing present at the present time.
