$ 2,000,000 in 24 hours of transactions … Is XRP preparing a big blow?

After the slowdown period, XRP talks about him with an increase in the power of his activities of the We-Create. The network has exceeded 2 million transactions, a threshold that often announces renewed interest in investors in the past.

XRP goes through a symbolic course: increased adoption?

The XRP network has just recorded more than 2 million transactions, a record that testifies to the restoration of the on-alignment after slowing. This beginning is accompanied by several main trends:

• Increasing the exchange volumes, which is a sign of the gradual return of liquidity to the market;
• Stabilization of the price around $ 2.30, after hitting the cavity nearly $ 2.10;
• Technical support for $ 2.10 that seems to serve as a barrier against new repairs;
• Increasing the interest of investors that could convert the revival of confidence in asset.

However, this recovery must still be confirmed by increasing the volume of purchases, the necessary condition for maintaining an ascending trend and preventing return to low levels.

Bull signal or simple reflection?

The current technical configuration shows that XRP is still evolving in the lower channel, a structure that limits prospects to a short -term increase. To turn this trend, several elements must be unified:

• Transition of 50 mobile average located around $ 2.50, which currently acts as a dynamic resistance;
• The fence above the key level of $ 2.55, which opens the way to a more permanent recovery;
• Increased shift volume that guarantees sufficient support of higher price levels;
• Reinforced institutional interest, especially in context, where BRICS examines alternative solutions to traditional banking infrastructure.

The development of XRP is played not only in technical analysis. External factors such as the desire BRICS reduce the dollar addiction could affect the path of token and strengthen its acceptance on the global financial scene.

Trajectory that will carefully follow

The rise of the XRP on-line activity coincides with the key moment for the Kryptos market. If this trend is confirmed, several scenarios are possible:

• Return to $ 3 in the event of a breakthrough of technical resistors and consolidation of the application;
• Selection at $ 2 in the case of rejection at the current levels, which confirms the phase of uncertainty;
• Strengthening institutional adoption, especially if XRP manages to seduce BRICS and other actors looking for effective switches;
• Renewed speculative interest that could support increased short -term volatility.

In the changing financial environment, XRP must still prove its ability to fit into permanent dynamics. The interest of investors and institutions will be decisive in the coming weeks, while BRICS and other actors are exploring alternatives to traditional financial networks.

Luc Jose A.

I graduated from Toulouse and Blockchain Consultant Certification Certification Certification Certification I attached to the adventure of Cointtribuna in 2019. I was convinced of the potential of blockchain to transform many sectors of the economy, and I committed to raising awareness and inform the general public about how the ecosystem took place. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.