Since the diver in her hollow of the year at the start of the year of 1.61 on April 7, XRP holders have fully benefited from the decline, increasing accumulation efforts. This purchase pressure regularly increased the value of the assets during last week.
At the time of the press, XRP is negotiated at a seven -day summit of $ 2.19 and the technical indicators show that it is positioned to extend the gains.
XRP Golden Cross leads to a bullish impulse
On the daily graphic, a golden cross has been formed on the indicator of average convergence of the average XRP (MacD), which is often considered as a key signal for a change in a long -term increase.
The MacD indicator measures the trends and the prices of the prices of an asset and identifies the reversal points. It forms a golden cross when its macD (blue) line crosses its signal line (orange).
When a golden cross emerges like this, it signals a positive change in the feeling of investors. Traders interpret it as an index that the purchase of pressure exceeds the sales activity, which can attract even more entries and increase the price.
For XRP, this golden cross occurred on April 11, strengthening the growing bullish feeling surrounding the asset. This model confirms that the recent rebound in Altcoin prices is not only a short -lived reaction, but can mark the beginning of a more sustained rise.
In addition, the flow of positive chaikin of the token (CMF) supports this upward perspective. At the time of the press, it rests above the midline and in a trend increased at 0.07.
The CMF indicator measures how silver flows in and outside an asset. A positive CMF reading, as for XRP, means that the purchase of pressure is stronger than selling pressure over a given period. He suggests that capital flows into the token, signaling the accumulation and potential prices growth.
XRP maintains the upward trend – Next Stop: $ 2.50 or return to $ 1.99?
Since the start of his rally on April 7, XRP has exchanged above an ascending trend line. This bullish scheme emerges when an asset forms higher stockings over time, creating an upward support line.
It reports a sustained purchase interest in XRP and suggests that the momentum is in favor of the bulls while the price of the token continues to climb.
If the request rises, XRP could extend its earnings and climb to $ 2.29. A successful reversal of this resistance in a support floor could propel XRP at $ 2.50.
However, if taking the benefit of curriculum vitae and the sale pressure increases, XRP could reverse its upward trend and fall to $ 1.99.
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