After a week of upward movement, the price of Bitcoin exceeded $90,000, the XRP price broke again. This move cements support for digital assets above $2, which continues to be the launch point for possible rises. However, this is not the only bullish development that XRP has seen during this period. A crypto analyst revealed that XRP prices have now surpassed important levels and altcoins are expected to continue with their upward momentum.
XRP price breaks magic line
The magic line in question here is an important trend line that helps indicate the trajectory that XRP prices may take from here. Crypto analyst master Ananda observed this, who visited the TradingView website and shared this significant break. Apart from that, Altcoin also shows some major trends that show that bullish pressure is still higher than bear pressure for at least for the moment.
According to crypto analysts, XRP prices may succumb to the review here, which will be the result of a major move. However, given that reviews may eventually lead to corrections, this is not all bad. This is because after digital assets confirm support, bullish continuation is normal.
As far as current sports are concerned, the magic line refers to the top orange trend line that has obviously been broken. In order for XRP price to follow a bearish downward trend, it must push lows below $2. However, the Bulls support was supported by more than $2 and triggered a $2.2 breakthrough.
“The trend line has just been broken, XRP moves sideways, mergers,” crypto analysts explained. This merger will lead to bullishness. The next step is to rise. “If this is the case, the crypto analyst’s chart shows that XRP price is at least 30%, which could put Altcoin above $2.8 and reach $3.
Technology not only points to a bullish continuation, but there are other factors that drive the bulls. First, the announcement of CME Group’s plans to launch its own XRP futures product has boosted community morale. Additionally, another market analyst expects that if the XRP price captures only 10% of the Swift volume, it will actually reach $100.
Featured pictures from dall.e, charts from tradingview.com
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