Main point:
The legislators of the US Senate Banking Committee will hold a session on Wednesday entitled “From Wall Street to Web 3: Building the digital assets markets for tomorrow”, and CEO of Ripple Brad Garinghouse Participant.
Can a growing participation in politics discussions in Washington, DC, enhance the price of XRP (Xrp))? Let’s analyze the plans to find out.
XRP prediction price
XRP broke over the general resistance of $ 2.34, indicating that the bulls are trying to take over.
The SIA moving average for 20 days (EMA) ($ 2.23) began to gradually appear, and the RSI index (RSI) jumped into a positive area, indicating that the lower resistance path is to the upward trend. If buyers keep the price above $ 2.34, the XRP/USDT pair may rise to $ 2.48 and eventually to $ 2.65. Sellers are expected to constitute a strong challenge at $ 2.65.
Moving averages are the near -term observation vital support. If the price decreases sharply and broken lower than the moving average, it indicates that the break that exceeds $ 2.34 may be a bull trap. The husband can then drown to $ 2.
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Complete the closure over $ 2.34 on the four -hour chart of the head style and the opposite shoulder. The husband can gather to $ 2.48, as the bears are expected to prove a strong defense. If buyers overcome this barrier, the husband can rise to the goal of the pattern of $ 2.76.
This bullish opinion will be nullified in the short term if the price decreases sharply and reduces the simple moving average for 50 days (SMA). The signals have rejected the markets over $ 2.34. The husband may decrease to $ 2.15.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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