The XRP is in the green, trading at $ 0.19 and traders expect further growth. Meanwhile, XRP liquidity in MoneyGram’s largest ODL corridor has just reached a new ATH
The third most popular cryptocurrency is trading at $ 0.1987 at the time of writing, and some traders believe it may increase soon, exceeding the $ 0.20 threshold in the long term.
“Wait for a target of 0.24 USD +”
TradingView’s Crypto “Protixder” trader has shared a chart where he shows the way the XRP price should go in the long term. The target is $ 0.24 +.
“New CHART study. The XRP looks good as an entry right now, and soon expects a higher target. Plans for a long-term goal of $ 0.24 + ”
A confirmed break could occur
Trader Alex_Clay said in his forecast that the XRP price is now testing the strong resistance at $ 0.20. If the result is bullish, he said, assets will continue to grow.
“We have already reached a target after the price has reached our first area of purchase. now the price tests the strong resistance and if there is a confirmed break, we can take a long position. “
Rising Wedge on the table
Trader David_Smith wrote that XRP forms a Rising Wedge pattern, which is usually a bearish sign.
“We are still rejected from the horizontal resistance and we also got a rising wedge. Due to rejection, we may have a correction to the lower limit of the reason. If we break the corner down, we go down. “
XRP liquidity index reaches new ATH
Less than an hour ago, the XRP liquidity index in the Mexican corridor ODL (the Bitso stock market supported by Ripple) hit a new historic record of 23846931, higher than its previous ATH of 23565530. XRP liquidity and its adoption is therefore increasing. The XRP liquidity index in the two other corridors monitored by this Twitter robot (Australia and the Philippines) also reached a new historic record.