Ripple (XRP) He accused one Strong liquidation valued at $ 1 billion in the last 24 hours.making its value to the 3 dollars. Despite this, Some technical and on-chain signals They could predict a possible rebound towards 7 dollars according to Olivia Stephanie en Cryptopotato.
He Volume of operations in 24 hours exceeded 11.1 billion dollarswith one strong selling pressure during the early morning. During that time, XRP recorded 436.98 million units negotiated in a single hourthe highest time volume of this quarter. At the end of the session, purchases rebounded, which helped stabilize the price around 3.12 dollars.
Institutional purchases indicate new accumulation
The cryptocurrency analyst Crypto King believe that XRP has overcome its accumulation and manipulation stages. They believe that the next phase, the expansion, is already underway, with a target price of 7 dollars In this cycle. Its analysis is based on the structure of the graph and the growing interest of large investors.
In support of this, the on-chain data of Ali Martínez show that Great forks They bought around 320 million XRP in the last three days. This total purchase amounts to approximately 1,000 million dollars. This type of purchase usually Reduce short -term sales pressure and can influence the reaction of small investors.
The XRP price structure shows a change after a clear break in mid -July. Since then, it has gained more than 66 % before entering a lateral range. Crypto King graph describes three phases: Accumulation, manipulation and expansion. The current price movement suggests that XRP could be starting the Third phase.
A separate graph shared by CryptoBull shows XRP operating inside a Symmetric triangle pattern in the 4 -hour time frame. The price has retreated to re -test the previous resistance, which now acts as a support. This is often observed in healthy market trends, where buyers enter after consolidation.
Market context and technical support
The recent fall in cryptocurrency prices is produced after a widespread fall in risk assets. The American stock markets also experienced a profit taking, which could have increased pressure on digital assets.
Despite the setback, Ripple’s technology director reaffirmed the role of XRP Ledger as support for financial systems. With the price close to a key support level, operators are attentive to strength signals as the expansion develops.
Ripple It quotes green at noon on Friday at 3.11 dollars. The 70 and 200 periods are maintained below the price, upward RSI at the 51 points and the MACD lines above the zero level.
Medium -term resistance is found in $ 3.21. Meanwhile, IE indicators are mixed.
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