Since its fall at its lowest level of the year at $ 1.61 on April 7, XRP holders have fully benefited from this drop, intensifying their accumulation efforts. This purchase pressure has gradually increased the value of the assets over the past week. At the time of writing, the XRP is negotiated at a seven -day summit of $ 2.19, and the technical indicators show that it is well positioned to prolong its earnings. The Golden Cross of XRP leads to bullish momentum on the daily graphic, a golden cross has been formed on the indicator of convergence and divergence of the mobile averages (MacD) of the XRP, which is often considered as a key signal of a change towards a long -term upward trend. MacD golden cross of the XRP. Source: TradingView The MacD indicator measures price trends and the dynamics of an asset, and identifies the reversal points. It forms a golden cross when its macD line (blue) meets above its signal line (orange). When a golden cross appears in this way, it signals a positive change in the feeling of investors. Traders interpret it as an index that the purchase pressure exceeds the sales activity, which can attract even more influx and increase the price. For the XRP, this golden cross appeared on April 11, strengthening the growing bullish feeling around the assets. This scheme confirms that the recent rebound in the price of Altcoin is not simply an ephemeral reaction, but could mark the beginning of a more sustained upward trend. In addition, Chaikin Money Flow (CMF) of the token supports this upward perspective. At the time of the editorial staff, it is above the central line and upholstered at 0.07. CMF of the XRP. Source: TradingView The CMF indicator measures how money circulates in and outside an asset. A positive CMF reading, as for XRP, means that the purchase pressure is stronger than the sales pressure over a given period. This suggests that the capital flows into the token, signaling an accumulation and potential price growth. XRP maintains its upward trend – Prochaine Step: $ 2.50 or return to $ 1.99? Since the start of its rally on April 7, the XRP has exchanged above an ascending trend line. This bullish diagram appears when an asset forms higher hollows over time, creating a line of ascending slope support. It reports a sustained purchase interest in the XRP and suggests that the dynamics are built in favor of the bruises while the price of the token continues to climb. If the request explodes, the XRP could extend its earnings and climb to $ 2.29. A successful reversal of this resistance as a support could propel the XRP at $ 2.50. Analysis of the price of the XRP. Source: TradingView, however, if taking the profits resumes and the sales pressure increases, the XRP could reverse its upward trend and drop to $ 1.99. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.
