Low prices, but the market carries hope for recovery – TradingView news

It faces cryptocurrencies that target global payments, XRP, and the opposite winds. Its price is currently trading at $ 2.45, which represents a 6 % and 19 % decrease a day and the past week, respectively.

XRP decreased to 8 % today (Wednesday), as it reached a decrease of $ 2.3567. With the stability of the broader encryption market after concerns about global trade policies, optimism remains that XRP can break into a two -digit area.

According to the TradingView scheme, XRP is traded with a major support level of $ 2.03, with a large liquidity building below this mark. Less than the price level, XRP can decrease further. The next support level tested on February 3 is $ 2.04, which is the next level of viewing.

Daily Price Scheme, Source: Coinmarketcap

Will XRP reach $ 20?

Despite the last withdrawal, XRP can reach a mediator goal of $ 5 and long -term climax at $ 20. While the two -dollar demand bouquets provided some relief, failure to retain $ 2.50 can lead to the additional negative side, with possible decreases to $ 2 and $ 1.60.

Besides the price procedure, Rlusd Stablecoin was said to have gained a large traction, exceeding 105,000 transactions on Professor XRP (XRPL) just two months after its launch.

On the other hand, only 4,109 transactions occurred on the Ethereum network, indicating that users prefer XRPL efficiency and fewer fees. RLUSD was submitted in December after receiving approval from the New York Ministry of Financial Services (NYDFS).

XRP LEDGER activates a new feature

Meanwhile, Ripple has cooperated with ChainLink to enhance RLUSD’s dependence on decentralized financing (Defi). The ChainLink Oracle network will be used for accurate and safe price extracts.

As XRP continues on its volatile journey, analysts and merchants closely see the main technical levels, as many expect a outbreak in the near future. If XRP can restore critical resistance areas, the ambitious, ambitious, long -term ambition is not $ 18 away.