According to Crypto Executive, Ripple-in-in-in-in-Rinked cryptocurrency still surpasses the reorganization of 2018 and surpasses the highest in 2018.
“It’s hard to find exact levels in this fast-moving market, but it’s not surprising if Bitcoin’s capital rotation continues beyond the market conditions beyond the highest ever.
XRP depends on a wider market rally.
The XRP (XRP) reached $ 3.66 in January, which was $ 3.66 last Friday, but has never seen a record high of $ 3.84 since January 2018.
According to Nansen, XRP has been trading at $ 3.21 at the time of publication, down 10.20% in the last 24 hours.
However, ENZERSDORFER-KONRAD explains that there is no clear catalyst that makes XRP excellent in its own performance, and further rise is likely to depend on the entire Altcoin market.
Enzersdorfer-Konrad said, “The short-term price of XRP will depend on the current momentum of the Altcoin market. I switched from Season to “Altcoin Season”.
Meanwhile, Bitcoin’s dominance has decreased by 5.41%, with a wider encryption market in the last 30 days.
XRP is “very sensitive” in the wider Altcoin feelings.
Enzersdorfer-Konrad said that if you have a strong liquidity and confidence in Altcoins, there is room for more strength. “XRP tends to be very sensitive to wider Altcoin feelings and regulatory stories.”
“The key to watching now is whether the driving force is wider in other Altcoin or whether it is intensive. This will help to determine how long the movement of the XRP is.”
Encryption analyst DOM said that the recent XRP can reach $ 7 to $ 10, how much the rest of the market is moving.
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COINTELELEGRAPH reported that XRP has recently been strengthened by the 50 -day index moving average, which is strengthening the strong bias.
The XRP relative strength index (RSI) has also been cooled to a neutral area of nearly 50. Neutral RSI generally means that encryption assets are not in supervised or overpowered conditions.
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