Will XRP Price Soar Past $10 If This Support Holds?
The post Will XRP Price Soar Past $10 If This Support Holds? appeared on BitcoinEthereumNews.com. The native coin of Ripple, XRP, has been the talk of the crypto town recently, as evidenced by the recent movements of the asset. Notably, XRP price has witnessed a robust rally in the recent weeks, but stayed in the red on the daily timeframe. However, despite losing some of its gains, the crypto has held a brief support of $3.45, indicating a sustained interest of traders. Amid this, the market pundits have shared bold forecasts for crypto, which has caught the eyes of traders. Meanwhile, some of the top market experts even predicted a potential surge to over $10 in the coming days. Despite that, it’s worth noting that the analysts have highlighted key price levels that the crypto must breach to continue its run to the north. XRP Price Slips But Analysts Remain Bullish XRP price has slipped nearly 2% today and traded at $3.45, indicating that the investors are taking a pause after a robust rally. Besides, the one-day trading volume of the asset also fell 32% to $7 billion, reflecting a low trading activity in the market. Notably, the crypto has hovered between $3.58 and $3.45 over the last 24 hours. This suggests that the bulls are putting their efforts so that the crypto must maintain its $3.45 support. However, despite the dip, derivatives data suggests a sustained investors’ interest. According to CoinGlass data, XRP Futures Open Interest rose around 0.2% to $10.7 billion. Besides, the relative strength index (RSI) of Ripple coin was at 35, suggesting that the crypto is currently in a neutral state, and is approaching the oversold condition. XRP Price Action | Source: TradingView This might also provide more buying opportunity to investors, which in turn might trigger another robust rally ahead. Meanwhile, the market experts also remained bullish on the long-term…
The post Will XRP Price Soar Past $10 If This Support Holds? appeared on BitcoinEthereumNews.com.
The native coin of Ripple, XRP, has been the talk of the crypto town recently, as evidenced by the recent movements of the asset. Notably, XRP price has witnessed a robust rally in the recent weeks, but stayed in the red on the daily timeframe. However, despite losing some of its gains, the crypto has held a brief support of $3.45, indicating a sustained interest of traders. Amid this, the market pundits have shared bold forecasts for crypto, which has caught the eyes of traders. Meanwhile, some of the top market experts even predicted a potential surge to over $10 in the coming days. Despite that, it’s worth noting that the analysts have highlighted key price levels that the crypto must breach to continue its run to the north. XRP Price Slips But Analysts Remain Bullish XRP price has slipped nearly 2% today and traded at $3.45, indicating that the investors are taking a pause after a robust rally. Besides, the one-day trading volume of the asset also fell 32% to $7 billion, reflecting a low trading activity in the market. Notably, the crypto has hovered between $3.58 and $3.45 over the last 24 hours. This suggests that the bulls are putting their efforts so that the crypto must maintain its $3.45 support. However, despite the dip, derivatives data suggests a sustained investors’ interest. According to CoinGlass data, XRP Futures Open Interest rose around 0.2% to $10.7 billion. Besides, the relative strength index (RSI) of Ripple coin was at 35, suggesting that the crypto is currently in a neutral state, and is approaching the oversold condition. XRP Price Action | Source: TradingView This might also provide more buying opportunity to investors, which in turn might trigger another robust rally ahead. Meanwhile, the market experts also remained bullish on the long-term…
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