XRP is gaining strength again against Bitcoin. The latest price movements attract the attention of investors, while technical indicators point to the rise potential of the XRP. The XRP, which exceeds the critical level in Bollinger Bands, excites investors.
Will XRP hold on to the critical level?
XRP, with the last recovery movement on the daily graph on the middle curve of the Bollinger bands. This may indicate that buyers are strong and that the direction in the XRP/BTC parity can return up.
Now the eyes are at 0.00002885 BTC level. If Ripple manages to stay above this level, the next target will be 0.0000335 BTC. Reaching this level means a 16 %rise. However, the determination of buyers is of great importance here.
Is the historical summit of the XRP far away?
The XRP/BTC parity reached the highest level of all time with 0.000245 BTC in 2017. This is 1000 %higher than the current levels. According to today’s prices, the XRP needs to rise to $ 24.8 to see this level again. However, considering that this price will give the XRP a market value of $ 1.43 trillion, this scenario does not seem unlikely. When the daily graph is examined, it is seen that the XRP rises above the middle line of Bollinger Bands. This clearly demonstrates that buyers are strongly on the market and support XRP against Bitcoin.
Nevertheless, the crypto market is full of surprises. The most critical point for XRP’s short -term movements will be that it will be on the middle curve of the Bollinger band. If bulls defend this level, the possibility of rise may be strengthened.
Investors’ Eye in XRP
The latest price movements made Ripple investors hope. Many people “Is XRP rise?” asks the question. In the short term, significant levels are determined. If permanence is provided over 0.00002885 BTC, investors may expect to test higher levels.
However, changes can be experienced at any time in the market. The most important point for investors is to follow technical levels closely. For now, the fate of the XRP depends on how strong the buyers are. If Ripple can continue to rise, we can see greater movements in the coming days.
