While the crypto currency market has recently suffered harsh fluctuations, a strong signal has emerged that can make XRP investors smile! According to technical analysis data, the daily graph of XRP is seen in bull mismatch. This indicates that the price can soon make a hard leap. Is it really possible for XRP? What levels should investors pay attention to? As Kriptokoin.com, we convey the details…
Taurus incompatibility in XRP: The footsteps of the rise?
In technical analysis, bull mismatch (Bullish Divergence) occurs when the price decreases, if the technical indicators signal rise. This shows that sales pressure in the market is reduced and a strong recovery.
When we look at the latest price movements of XRP, we see that the RSI (Relative Strength Index) indicator is starting to rise, but the price is still at low levels. This indicates that sales in the market may lose its power and XRP can make a strong leap.
Critical support and resistance levels for XRP
The levels that investors should follow closely are as follows:
- The main support point: The $ 0.56 level stands out as the point where the XRP finds a strong ground. If this support is maintained, the rise scenario may become more likely.
- Critical Resistance Points: 0.62 and $ 0.68 levels, the most important barriers to break up the price. If XRP exceeds these levels, a rally up to 40 %may be possible.
Factors that may affect the price of XRP
As well as technical analysis, basic factors play a critical role in price movements. Some important developments that can trigger the rise for XRP may be as follows:
- Ripple-SEC Case: XRP price has long been under the influence of this case. Positive news can create a great explosion of trust in the market.
- General crypto market trends: The upward movement of Bitcoin and Ethereum can also support large subcoins such as XRP.
- Increased Corporate Interest: New partnership news about the integration of XRP into the global financial system can activate investors.
Is the opportunity at the door for XRP investors?
XRP may be preparing for a new wave of rise with the latest technical indicators. In particular, the protection of bull mismatch and critical support levels can strengthen the purchasing positions of investors. However, considering the uncertainties in the market, the use of stop-loss and risk management are of great importance.
There may be great changes in the crypto currency world. In order to see how the movement of XRP will exhibit in the coming days, it is necessary to closely follow critical support and resistance levels. Exciting days for investors can be at the door!
