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XRP potrebbe affrontare delle difficoltà dopo l’aumento a $2,60 | Global News Avenue

XRP potrebbe affrontare delle difficoltà dopo l’aumento a $2,60

Definitely a positive weekend for Ripple, XRP rebound This took the asset from $2.33 to $2.5 and then to $2.6. This movement represents Increased 11.5% in less than 24 hours. Although the asset has since lost some momentum and currently trades at $2.51, it is still up more than 6% from the previous day.

All of this happened shortly after news broke of some crypto whales hoarding Over 1 billion XRP tokens Take advantage of recent adjustments (which occur in the middle of the work week) in just 48 hours.

Ripple/USD. Font: TradingView

But the positive period may be coming to an end. Or at least that’s what popular cryptocurrency analysts think Ali Martinez This sounds the alarm that XRP prices may fall.

XRP value chart. Source: Ali Martinez

First, he pointed out TD sequential – A technical indicator used to show weakness in the market in both directions – showing a sell signal on the 4-hour chart. However, this bearish pattern will be invalidated if the asset closes above this line (which is still happening).

Furthermore, Martinez highlighted the growing number of Open a short position When XRP peaked at $2.6. Many traders may have anticipated a short-term correction in Ripple as XRP diverged from the rest of the market, as Ripple was one of the few currencies to post significant gains, and current levels have indeed This happened. The question now is whether the cryptocurrency will remain above the previously mentioned support, or is it just that The beginning of a wider adjustment.

Heatmap of XRP. Source: Ali Martinez

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