Cryptocurrency

Resistance

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-anticipate-xrps-potential-rise/" data-wpel-link="internal">Investors Anticipate XRP’s Potential Rise</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> market fluctuations continue, and <a href="https://en.coin-turk.com/ripples-xrp-between-key-supports-and-resistances-as-bullish-formation-takes-shape/" data-wpel-link="internal">XRP</a> <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are excited about a new movement. XRP has started signaling an upward trend by surpassing the critical resistance level of $0.5657. Can this upward movement carry XRP to the $0.64 level? Let’s take a closer look at the background of this movement and possible future scenarios.</p> 
<h2 style="text-align: justify" id="xrp-needs-to-surpass-critical-resistance-level">XRP Needs to Surpass Critical Resistance Level</h2> 
<p style="text-align: justify"><strong>XRP</strong> surpassing the $0.5657 level has caused a significant stir in the market. This movement occurred following a 14% price correction recovery. Market participants are now eyeing the $0.6487 level after breaking this resistance. The movement between these two levels is crucial for XRP’s future price trajectory.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-379642 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/xrp-usdt.png" alt="" width="2048" height="1209"></p> 
<p style="text-align: justify">According to the liquidation map data provided by Coinglass, 208,640 XRP are at risk in the liquidation pool at the $0.58 level. Additional liquidation pools above this level could create a magnet effect that pulls the price upward. This situation could signal a potential rise for XRP.</p> 
<h2 style="text-align: justify" id="whales-confidence-is-increasing">Whales’ Confidence is Increasing</h2> 
<p style="text-align: justify">The rise in activity among XRP whales indicates growing confidence in the market. Currently, the whale-retail delta ratio is at 30.63, showing increased interest from large investors in XRP. These whales are taking long positions with the expectation of a rise, strengthening hopes of reaching the $0.6487 target level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-379647 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/xrp-retail.jpg" alt="" width="1593" height="712"></p> 
<p style="text-align: justify">Coinglass <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> a continuous outflow from XRP in the last 24 hours. Despite price increases, these outflows usually indicate that investors are withdrawing their assets from exchanges for long-term holding. This situation shows increased confidence in XRP’s future.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-379648 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/Netflow-XRP.jpg" alt="" width="1305" height="361"></p> 
<p style="text-align: justify">XRP has technically made a significant breakout, supported by net outflows and whale activities. However, to reach the $0.6487 level, XRP needs to sustain this upward trend. In the coming days, whether XRP can reach this critical level will be determined by market momentum and investor behavior. A journey that XRP investors need to watch closely awaits us. At the time of writing, XRP is at $0.578.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-anticipate-xrps-potential-rise/" data-wpel-link="internal">Investors Anticipate XRP’s Potential Rise</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-anticipate-xrps-potential-rise/" data-wpel-link="internal">Investors Anticipate XRP’s Potential Rise</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Anticipate XRP’s Potential Rise

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