Why is the price of Ripple (XRP) at the price today and what follows?

TL; Dr.

• Ripple’s native file has joined the rest of the market to publish a large price increase that led to almost $ 3.20, which became a monthly peak.
• This occurred despite the recent sale of whales and the last setback of the SC in the front of the ETF.

XRP laugh

Since he failed at $ 3.35 in mid -August, XRP was in a downward trend that led him to a minimum of several months to $ 2.7 in early September. However, the asset reacted well to this decrease and bounced around $ 2.90 in the following days.

He tried to challenge the coveted resistance of $ 3.00 on a couple of occasions last week, and after some failures, he managed to break it decisively on Friday. As many analysts predicted, this unlocked another advantage that pushed XRP to a monthly peak of $ 3.19 (in Bitstamp).

It is interesting that this weekly increase of 13% comes in a fairly unfavorable period for the Token and the company behind it. Remember that only a few days ago, whales eliminated more than $ 120 million in XRP in just 24 hours. In addition, the US SEC. UU. Continues to delay a decision on the ETF applications of XRP Spot, and the last to see its extended deadline is Franklin’s presentation.

$ 3.6 and $ 6 below?

Now that XRP has apparently cleared the resistance to $ 3.00 and $ 3.05, Ali Martínez described the next objective on its way to a new historical maximum of $ 3.6. He is not alone in this projection, since Steph is Crypto believes that XRP is on the edge of another two -digit rally that will also take him to those levels.

Cryptoinsightuk shared an identical graph, in which XRP could reach a “minimum objective” of $ 3.60 if it closes above the descending trend line (currently above).

Altcoin Gordon was even more optimistic, indicating that once XRP explodes from its consolidation phase of one month, it will go beyond the current maximum of $ 3.65 and establish a new one at $ 6.00.