The XRP is trying to break a formation that gives a potentially signal. If these critical levels are exceeded, XRP can reach the highest level of all time (AC). The support of long -term investors (LTH) may be the key to this rise.
XRP investors support the price!
XRP’s long -term investors protect their assets instead of selling. The average Coin age (MCA) data shows that LTHs do not sell XRP in their hands and stay on the market. This reveals that investors maintain their confidence in XRP and believe in the future price increase.
The fact that LTHs remain on the market increases the rise potential of XRP. If these investors do not sell, the XRP price can reach a new ADH. As the investor confidence increases, the probability of the price to move upward is strengthened.
What do the technical indicators say for XRP?
XRP’s overall market acceleration still gives positive signals according to the Ichimoku cloud indicator. The candle bars are watching on the cloud and this is generally considered a strong sign for coins that tend to rise. If this trend persists, the XRP price can climb to the next resistance levels.
The current technical data shows that the XRP is rising and the price can create a new ATH. Investors closely follow market movements to see if this trend will continue. The investor, who was cautious because of the turbulent market last week, will also guide the course of the price.
Price Estimation: Where is the target?
Ripple is currently traded at $ 2.67 and is trying to protect $ 2.70 by support. If this level remains intact, the price can exceed $ 3.40 and create a new AC. However, first of all, the $ 2.95 level needs to be won as a support. If the Ripple cannot maintain $ 2.70, the price may decrease to $ 2.33. This scenario may weaken the current rise expectation and delay the price recovery.
While XRP investors carefully monitor price movements, the assets held by long -term owners will play a critical role as to whether the rise will continue.
