“Ripple (XRP) has entered a tremendous uptrend”

Cryptocurrency market signals have begun to come. Many analysts have defined Bitcoin’s (BTC) decline to $ 52,000 as the last bottom of the cycle. According to analysts, $BTC will start to rise.

In these days when speculations that the #BTC price will rise again are increasing, all eyes are on altcoins. It has become a matter of curiosity whether $XRP , which Turkish investors are also showing great interest, will rise.

According to an analysis prepared by UToday, the XRP price may rise soon.

#Ripple (XRP), which has risen above an important support level within an ascending price channel (graphic formation), has created bullish expectations. The graphic formation in question shows that XRP has parabolically pulled the support level upwards. The ascending channel is interpreted as a positive indicator as it indicates consistent accumulation and buying interest in every decline.

“If XRP can stay within the channel and gain EMA levels, it can regain the $ 0.55 level. If $0.55 is exceeded, the $0.60 resistance can be tested. In this whole scenario, XRP should not fall below the ascending channel.”

“The ascending channel should be protected,” said UToday, “If #XRP falls below the support and cannot maintain the ascending channel, it can test support points around $0.50 or lower. Therefore, the asset needs to continue to attract buyers,” he said.