XRP Technical Analysis: $1.1 Test Is Just Around The Corner

The last trading week on the XRP market on 21 February showed that it is too early to bury the chance of cryptocurrency growth. Although the price of the weekly candle from 21 February closed below the opening price, buyers showed their presence and interest. Confirmation of this opinion is the pin, which was formed as a result of an attempt by sellers to break the $0.55 mark and continue to fall. The new trading week has covered the body of the previous weekly candle and now there is a struggle for the $0.8 mark. https://www.tradingview.com/x/p7cGia89/ In the previous analysis on 3 February, we wrote that this is the first target we expect. Buyers were able to exceed our expectations and set a local high of $0.9168. However, so far the $0.8 mark is under the control of sellers. So far, this is the only problem that separates the XRP price from the $1.1 test. Globally, the XRP price is moving in a consolidation triangle. And at $1.1 there the upper trend line of this triangle passes. If buyers are unable to break this mark – the risk of a collapse in the XRP price will increase significantly. In this case, you should expect the first target of $0.55 and the final $0.25. Since the beginning of February, the trading volumes in the XRP market have increased. Of course, it is still far from the trading volumes in the period January – May 2021. Though, this fact indicates the local interest, which will allow buyers to test the mark...