$XRP

XRP is a cryptocurrency developed by Ripple and is used to speed up international money transfers and reduce costs, especially between banks and financial institutions. Transactions are typically completed within seconds and offer much lower transaction fees compared to traditional banking systems. An important feature that distinguishes XRP from other cryptocurrencies is that it is not produced by mining and all XRP has been previously mined.

Many investors describe XRP as a "cancer coin" because it moves at the same levels for a long time. With the sharp sales in Bitcoin last week, XRP also fell to around $0.38, its lowest level in the last year. However, it is observed that XRP shows a positive divergence after the general recovery.

For XRP, the $0.445-$0.465 range has long served as the decision zone. The recovery of this region after the decline and the daily closings here were considered as a buy signal by many indicators.

Currently, XRP has moved all the way to the upper base of the seller zone of the Ichimoku cloud. If XRP can make a daily close above the $0.519 level, a reaction move to $0.574 can be expected. Since the $0.574-$0.600 range has served as a strong resistance and support zone in previous price movements, it may be difficult to break through unless there is a significant news flow there.

It is also noteworthy that there is some liquidation towards the $0.574 level. Retesting this area is important in terms of cleaning liquids. Once the zone is gained, the $0.619 and $0.665 levels should be considered intermediate resistances in the possible advance. Above, there is a range of $0.731-$0.756 as a strong resistance.

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