Summary
- CoinDesk said XRP's $2 support is the key to maintaining the uptrend.
- It stated that, along with a sustained increase in trading volume, the $2~$2.03 range could serve as the main support in this rise.
- It analyzed that if it falls below $2, there is a risk of weakening the uptrend along with a retest of $1.96.
XRP (XRP) was showing intraday strength, and analysis said that defending the $2 level is important to maintain the uptrend.
As of the 3rd (Korean time) at 10:35 PM, XRP is trading at $2, up 5.37% from the previous day.
Crypto-focused outlet CoinDesk said about this rise, "Unlike before, this was not a short-term rebound after selling, but an ascent accompanied by sustained trading volume, which suggests larger market participants are active," and "after surpassing $1.96, it is currently forming a support in the $2~$2.03 range. This zone is the main support of this rally," it analyzed.
CoinDesk added, "If XRP continues to hold the $2 line, a rise toward the $2.03~$2.05 range can be expected," while also explaining, "If the price falls below $2, it is likely to retest $1.96, which could weaken the uptrend."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
