XRP registered a 4% gain during the 24 -hour negotiation window from July 22 at 03:00 to July 23 at 02:00, with prices that move between a minimum of $ 3.42 and a maximum of $ 3.57 before closing about $ 3.51.
The measure follows a technical rupture of a six -year symmetrical triangle and coincides with the key developments in the cryptographic legislation of the United States and the launch of institutional investment products.
Despite the bullish impulse throughout the day, the institutional sale arose in the last hour of commerce, the profits of the reduction and signage of possible short -term consolidation.
News history
- The United States Congress advanced the laws of genius and clarity, establishing a legal framework for digital assets and reducing uncertainty about the XRP security classification.
- Proshares launched the first ETF XRP Futures, a milestone for institutional adoption.
- Wall Street analysts have issued price objectives of $ 6.00 in XRP after confirmation of the triangle rupture, with long -term projections that reach up to $ 15.00.
Summary of the price action
XRP broke above $ 3.52 resistance during the 17: 00–18: 00 volume window of 106.4 million, more and more 52% above the 24 -hour average of 70.1 million. The rupture promoted prices towards the maximum of the $ 3.57 session before selling pressure at the final hour, prices dragged at $ 3.51.
The final 60 -minute window from 01:09 to 02:08 GMT showed a distribution behavior. Prices rose from $ 3.50 to $ 3.52 per 01:46 before reverse. A high volume drop of 2.25 million units between 02: 02–02: 03 marked the most intense mass sale of the day, which carries prices to $ 3.50 before a marginal recovery.
Technical analysis
- Breakout of the symmetric triangle confirmed above $ 3.00 with a maximum of $ 3.64 earlier for the week.
- Resistance: $ 3.57 (Intradía), with a strong overload supply observed at the final time.
- SUPPORT: $ 3.42 once again tried several times, confirming a solid institutional supply zone.
- RSI and Macd are still neutral, which suggests a limited impulse in the short term.
- Analysts maintain a short -term objective of $ 6.00; $ 15.00 marked as a long -term projection based on the extension of the rupture.
What merchants are seeing
- If $ 3.50 remains a level of psychological and technical support in the next 24 hours.
- Purchase interest monitoring of institutions after the launch of ETF.
- Congress moment in more regulation of digital assets.
- The developments of ETF Spot and their influence on the broader exposure of investors.
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