Moon or Doom: Where Does XRP Price Go Next?

The XRP army has drawn the line: the price mark of $ 3 is now their battlefield. But at the moment, traders cannot seem to decide whether XRP is on their way to the moon or back to Doom.

After the hot inflation data hoped for Gedempte Jumbo -speed needs earlier this week, XRP fell 6.4% -exactly to that crucial $ 3.00 marking that could define the next major movement of the crypto activum.

On countless, a prediction market created by DecryptDespite the correction, the parent company Dastan, traders, remain somewhat bullish. Countless users Give XRP a chance of 63.7% Of the reaching of $ 4 or higher (the lunar scenario) versus 36.3% chances to deposit back to $ 2 or lower (Doom).

So who is right?

XRP -Price: The Technical Puzzle

XRP, the cryptocurrency created by the founders of payment company Ripple, presents a technical puzzle that explains why traders are currently divided.

For reference, even on just $ 3, XRP recommends a market capitalization of $ 181 billion, good for the third largest behind Bitcoin and Ethereum. And it comes from a very recent highest highlight of $ 3.65, which the coin hit less than a month ago. So where is it going?

To begin with, the distance of the current price (the white line in the graph below) to the moon (the green line) and its distance to downfall (the red line) is basically the same: 33.33%. So, opportunities based on the percentage of jump that is needed to reach one of the two scenarios is not really a factor at the moment. It will dig a little further.

A classic indicator for traders is the relative strength index or RSI. For XRP this is exactly at 48, just shy for the neutral 50 mark.

RSI measures Het Momentum on a scale of 0-100, where measurements above 70 signal-over housing conditions (time to sell) and indicate lower than 30 (time to buy). At the age of 48 we are in the land of No-Man-Strikt Bearish but not enough to panic. This is what traders call the ‘decision zone’, where markets choose their next direction.

Based on RSI, under the current circumstances, market forces are balanced. However, the overall trend is bullish, so this would indicate the traders that prices are more likely to have his momentum and speed, unless something else influences the trend.

The average directional index, or ADX, on 28 tells a more decisive story. ADX measures the trend strength regardless of the direction. Think of it as a speedometer that does not care when you move forward or backwards. Measurements above 25 confirm that there is a strong trend and at 28 XRP is absolutely trending. This identifies traders that the upward movement of XRP will probably continue, even slowly. And of course, the more the price goes up, the less likely a scenario of $ 2 “Doom” will be.

Another important indicator is the exponential advancing average, which measures the average price of an active period for a certain time. For XRP, the 50-day EMA is comfortable above the 200-day EMA and creates what traders call a “bullish stack”.

This means that the average price of XRP is traded above the average price in the long term in the short term, and that means that buyers will usually continue to intervene at higher prices. It is a voice of confidence in the upward trend. This setup is usually in favor of continuation higher unless something breaks.

To correct XRP to the “Doom” zone, it should change to completely change the momentum and probably start a death crossing.

The only indicator that is not currently bullish for XRP seems to be the Squeeze Momentum indicator, which shows a price consolidation zone while the wrinkle-linked token has difficulty breaking past his recent of all time. Think of it as the market that breathes deeply for the next sprint.

Prices can experience a stronger trend, depending on catalysts. That zone “squeeze” is considered a price compression because there is a large number of orders to determine the trend. If traders leave those positions in the short term in search of other markets, there may be a quick dip in the same zone because it could activate a lot of “stop -loss” zones. On the other hand, if there is a short squeeze or taking bulls, it can activate a peak based on buying orders that are activated too close together.

But technically only half the story tells. The 30-day advancing average for XRP-Walvis inflow to exchanges rose to 260 million tokens of 141 million tokens at the start of July, with large holders that have been worth nearly $ 6 billion since mid-July. That is a serious distribution that precedes corrections historically, because the most logical reason to send an actively to a trade show is to sell it.

In the meantime, the SEC and Ripple finally ended their legal battle and removed a large overhang. Add a chance of 88% to the approval of Spot XRP ETF in December according to polymarket and almost 60% preference About a litecoin ETF on countless markets, and you have catalysts who can send XRP both directions – violent.

XRP Bulls have the lead

If we weigh all data, it is clear that the graphs today prefer the XRP Moon scenario. The combination of the price that an upward channel respects, to maintain the position above both important EMAs, and the squeeze ready to fire, would convince traders of a mandatory bullish setup. The ADX that confirms the trend strength while RSI is neutral, gives XRP room to run without being overloaded.

In view of indicators, balanced traders show during a bullish movement (instead of showing such behavior when the coin acts sideways), the rising channel and compressed volatility suggest that XRP could test $ 3.30 within a few days. A clean break above would probably activate momentum in the direction of $ 4.

But those enormous whale sales keep the Doom scenario very alive. If the support of $ 2.80 bursts, all bullish bets are switched off. This is crypto – and when things break, they break hard.