After continuous price drops, XRP is on the verge of getting out of the long -term integration stage, which is the main resistance area. The main reason for this strong prospect is because of the price rebound in the cryptocurrency market.
XRP price momentum
Due to the change in market sentiment, the price of XRP has increased by 2.50% over the last 24 hours and is currently trading at $ 2.51. This price survival has pushed its assets close to the upper boundary of the integrated zone to $ 2.54.
If the market sentiment has not been changed, the XRP is likely to reach $ 3.32 by violating these long -term obstacles and increasing by 30%.
XRP key level and excessive location
Looking at the optimistic outlook, merchants in the veins with long positions have strongly dominated XRP and have maintained significant open positions in the last 24 hours.
According to the data, a long position has a long position worth $ 65 million, with an excessive repayment of $ 2.386. The $ 2.533, meanwhile, is another key level of excessive repayment of traders with short positions and currently has a short position worth $ 20 million.
If you look at the price of XRP in terms of liquidation level, the price is nearly $ 2.533, so it seems that the $ 20 million leverage position is at risk of liquidation. If this level is cleared, the small bet of a short XRP can make it easy to reach the prediction level.