Key control
The price action suggests that a quick rally could occur only if XRP deletes the level of $ 2,825. The merchants are leveraged at $ 2.70 in the inconvenience and $ 2,825 per rise.
XRP is once again testing its key support of a $ 2.70 brand, the third time in six weeks. The repeated defense of this support zone has put merchants and investors in maximum alert due to their previous performance.
Current price and bullish signs
Given the current market feeling and historical performance, cryptography expert Ali Martínez shared a publication about X (previously Twitter) that has reinforced the upward perspective of XRP.
In particular, XRP’s sequential TD has become optimistic, now blinking a purchase signal. Pointed out
“Rebume configuration in the game!”
However, this bullish signal is recorded when XRP comes out of a key resistance level.
At the time of publication, the asset was quoted at $ 2.80, 1.35% more in the last 24 hours.
This modest increase has promoted a stronger participation of merchants and investors, with coinmarketcap data that show a 11% increase in the negotiation volume of 24 hours of XRP compared to the previous day.
XRP price action and key levels to see
Ambcrypto’s technical analysis suggested that XRP has begun to reverse its previous descending trend.
In the four -hour table, the asset has successfully left the line of descending trend, paving the way for a possible increase in the price of 10%.
However, exponential mobile averages (EMA) of 15 and 21 days seemed to act as levels of resistance.
Source: TrainingView
According to the recent price action and technical indicators, the rally could only happen if XRP moves above both and ensures a four -hour candle above the level of $ 2.82.
If this happens, there is a great possibility that XRP can gather 10.50% and reach the level of $ 3.10 in the near future.
XRP presents mixed signals
Currently, merchants seem to be following the upward trend by betting strongly in long positions.
The Coinglás of the chain analysis tool revealed that the main levels of XRP liquidation were at $ 2.70 in the inconvenience (support) and $ 2,825 on the rise (resistance) at the time of publication.
These are not only key levels of liquidation, merchants at these points are leveraging, with long positions of $ 77 million and $ 19.55 million in short positions.
This clearly reflects the feeling of the upward market for XRP.
Source: Canderlasss
The only concern that a red flag for XRP is the activity of investors and long -term holders.
According to Coinglase data, almost $ 10 million in Tokens XRP have moved to exchanges in the last 24 hours, hinting at the potential dumping of the headlines after the modest price recovery.
Source: Canderlasss
Meanwhile, Binance exchange reserves increased by 61 million XRP during the same period, increasing from 2,928 billion to 3,538 billion from September 1.
