XRP rises, but it is possible to fall on $ 1 if it does not turn this price

The price of the XRP lasted a few days broke, climbing $ 1,8890 last week at over $ 2.30.

Ripple (XRP) Axes greatly due to recent week in crypto and stock exchange. Top American indices like Dow Jones, S & P 500 and Nasband 100 received more than 1.5% on Friday.

The KSRP also jumped on the growing optimism that the Securities Commission would approve the place of ETF roses. Data polyMarket It shows that the chances of approval increased to 76%. The SPOT XRP ETF would probably attract more inflows from Wall Street investors.

There are also speculations that SEC will drop their lawsuit against Ripple Laboratory. This would benefit from the company by enabling its management to deal with banks and other financial institutions in the money transfer industry.

Ripple Laboratories hope these offers will strengthen their position against Swift, which is handled over $ 150 trillion in transactions a year.

Furthermore, the CSRP price jumped until some whales are still piling up a coin. One such kit spent $ 24.2 million buy 10.3 million Tokens on Bitfine Monday. The battery of whales is one of the best indicators in fundamental analysis crypto.

KSRP Rose Rose Prices After Key Support Company

The technical current range of KSRP has happened as a bulls defended key support to $ 1.9,447. This level is significant because Ripple failed to fall below that price several times since December. The only successful violation occurred 3. February, which proved to be a false breaking.

The 1.9447 dollar level also serves as a neckline sample of the main and shoulders formed from November. The head section is $ 3.40, while left and right shoulder to $ 3.00.

Therefore, the decline below $ 1,9445, which also aligns with the 200-year-old average, could signal further losses, potentially driving XRP to psychological support to $ 1.00.

XRP Bulls should push the price above the right shoulder to $ 3.00 to undo the head and shoulders sample. If this happens, the next level for viewing will be this year in the amount of $ 3.40, the highest level. A successful interruption could signal further gain to $ 5.00.