The XRP community found various reasons to get excited in the past few months. However, the acceleration of the XRP has slowed down recently. However, according to two leading crypto currency analysts, the situation for XRP Coin is not bad. The analyst called Donalt is described XRP’s graphic chart as “perfect ..
Analyst: This XRP Coin graph is excellent!
Kriptokoin.comAs you have followed, Bitcoin is still under $ 100,000. In the Altcoin market, many token received serious blows. Meanwhile, XRP also experienced a 20.25 %decreased from the highest level of all time in January. However, there is no need for panic. Some say that such a correction is healthy, even necessary. Why is XRP based so well? Because the foundations and techniques are good. There is ETF speculation on the basic side. SEC has more than one application at the table and investors pay attention to it. If an XRP ETF gets green light, it can change the market. In this context, the analyst named Donalt, makes the following statement with a graphic:
I started to rise and even expect a longer range of $ 2.6. It exceeded my expectations. Excellent graph!
Source: DonaltFrom a technical point of view, there is an increasingly growing XRP Holder group. Analytical company centimeters, since the beginning of December, the number of wallets that hold over 100,000 XRP increased by 261. This is a 0.8 %increase, not a groundbreaking, but stable.
Is XRP coin preparing for a bull run?
During the article, the XRP CoIN was traded for $ 2.7 with a 3.76 %earnings in the last 24 hours. This follows SEC’s calling for public interpretations about the applications of XRP ETF from the SEC on Wednesday, February 19, about XRP ETF applications from Coinshares and Wisdomtree. Interpreting the price movement and closely followed, the crypto analyst “Ekrag Crypto” stressed that it is likely leaping under the rising triangular formation in the 12 -hour candle graph and the top of the resistance area around the $ 2.83 price point.
XRP jumped from the bottom of the rising triangle. Source: ekrag cryptoHowever, the analyst said that the lock level to be monitored was $ 2,90 to $ 3,10. He also emphasized strong price resistance in this region in the last few weeks. In this respect, an analyst said, “When XRP approval is closed above $ 2,90-3,10, a bull signal will occur. This will turn into a strong support for the continuation of the bull run and a structurally important milestone. ”
In particular, a strong break of the $ 3,10 price level, especially Ekrag Crypto, predicts that the XRP coin price will push the price of $ 3,2240. He also estimates that it will be a stop, and then send back to the highest levels of $ 3.4, which was reached in early January 2025.
