XRP is negotiated at $ 2.94 at the time of writing, up 6% in the last 24 hours and 29% compared to last week.
After the last rally, XRP (XRP) can cross the crucial psychological brand of $ 3, a level reached for the last time in 2018.
The interests of the whales clearly increased, as reported by Crypto.News on July 10. More than 2,742 portfolios currently hold at least 1 million XRP. These portfolios now contain more than 47 billion XRP in total, pointing to great confidence in major holders.
The recent thrust also occurs while Bitcoin (BTC) has reached a new record greater than $ 120,000 on July 14, helping to raise the feeling of the market at all levels. The 24 -hour negotiation volume of XRP amounts to $ 7.15 billion, up 5.9% compared to the day before.
On the derivative side, quince data shows that the long -term volume increased by 10.48% to $ 17.31 billion, while open interests increased by 10.64% to $ 8.12 billion. This indicates an interest and an increasing momentum as more and more traders take on new positions.
Some analysts set even higher price objectives following this momentum. Depending on the post of July 12 of analyst Ali Martinez on X, a weekly fence confirmed above $ 3 could open the way to a longer rally around $ 6 or more.
By looking at the technical image, XRP tries to go beyond psychological resistance at $ 3 with a strong ascending dynamic. The prices are up to the upper group of Bollinger and are maintained well above the 20-day simple mobile average, which is currently around $ 2.85.
Although the asset is exaggerated, as the force index relating to 83 indicates, the momentum and the MacD indicators indicate always more upwards. The price is negotiated well above the major medium of moving, including the 200-day EMA ($ 2.14) and the 10-day EMA ($ 2.60), indicating a strong upward trend that has slowed down during recent sessions.
In the short term, XRP can unlock more increase in the range from $ 3.50 to $ 4.20 if it breaks above $ 3 with volume confirmation and publishes a weekly fence above this level. FNB and regulations catalysts can help maintain momentum. A longer -term route to $ 6 as expected by Martinez may be possible in the long term.
Taking profit can occur if the price does not hold above $ 3 or if it is rejected near this level, especially if there is a drop in volume. A stronger demand can reappear near the region from $ 2.35 to $ 2.45, where several mobile averages are grouped. The initial support is located around $ 2.60, corresponding to the 10 -day EMA.
