XRP may reach $ 6 if he broke $ 3 for the first time in 7 years star-news.press/wp
XRP is trading at $ 2.94 at the time of writing this report, an increase of 6 % over the past 24 hours and 29 % during the past week.
In the aftermath of the last rally, XRP (XRP) may cross the 3 -dollar psychological mark, another level reached in 2018. The range ranges for seven days between $ 2.25 and $ 2.95, and traders are closely watching it to see if he can keep this long resistance.
The whale is clearly increased, as Crypto.News mentioned on July 10. More than 2,742 wallets currently own at least a million XRP. This portfolio now contains more than 47 billion XRP, indicating strong confidence from senior holders.
This last batch also comes as Bitcoin (BTC) reached a new record above $ 120,000 on July 14, which helped raise market morale in all fields. The trading volume 24 hours of XRP 7.15 billion dollars, an increase of 5.9 % over the previous day.
On the side of the derivatives, Data From Coinglass shows that the volume of futures increased by 10.48 % to 17.31 billion dollars, while the open interest increased by 10.64 % to 8.12 billion dollars. This indicates an increase in interest and momentum as more traders take new sites.
Some analysts set higher goals for the price as a result of this momentum. According to analyst Ali Martinez, July 12 mail In X, a confirmed weekly closure may pave the way for 3 dollars the road to a taller or higher equipment.
Looking at the technical image, XRP tries to overcome the 3 -dollar psychological resistance with a strong escalating momentum. Prices ride the upper Bollengerer range and holds much higher than a simple 20 -day moving average, which is currently about $ 2.85.
Although the original has been excessively clarified, as described in the relative power index in 83, the indicators of momentum and the maximum are still indicating more bullish direction. The price is traded above all the main moving averages, including EMA for 200 days ($ 2.14) and EMA for 10 days ($ 2.60), indicating a strong upward trend that has deviated in the last sessions.
In the short term, XRP may cancel more bullish trend towards a range of $ 3.50 – 4.20 dollars if it exceeds 3 dollars with confirmation of the size and weekly bulletins above this level. Motivating from traded investment boxes and regulations may help maintain momentum. The long -term path may be about $ 6 as previously by Martinez is possible in the long run.
Achieving profits may occur if the price fails to get higher than $ 3 or if it is rejected near this level, especially if there is a decrease in size. The strongest demand from the $ 2.35 – 2.45 dollars may appear, where many moving averages are collected. Initial support is about $ 2.60, and is in line with EMA for 10 days.
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2025-07-14 06:13:00
