XRP cryptocurrency – Forecast: “How I will spend autumn”
At the beginning of the summer, we made the XRP cryptocurrency forecast called: “How will I spend my summer”
Considering that the summer will end in 2 weeks, it’s time to update our thoughts on the XRP cryptocurrency.
XRPUSD price almost in the last car of all cryptocurrencies shot up after the fall in May. As always, Ripple grows in value when its time comes and it doesn’t care how the BTC price behaves at that time. Ripple is growing in value because it needs it)
Buyers of XRP cryptocurrency met the first worthy resistance around $1.30, after which a downward correction began.
To continue the growth now, it is important for buyers to keep the price above the liquidity zone of $0.97-$1.07, then the way will open for growth to $1.50. And here serious battles will already begin.
If sellers win, then you will need to sell your Ripple and place new buy orders in the range of $0.74-$0.80.
If in the zone of $1.50 buyers show that they still have strength for growth and, accordingly, the price fixes above this level, then it will be possible to continue to be the holder of XRP.
Under these conditions, the path will open for continued growth! But no, not to $10 for XRP, as Ripple holders have dreamed of since 2017. But it is quite possible to count on the development of the XRP cryptocurrency forecast with the final target of $3-$3.3.
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REEF cryptocurrency – Will it continue to grow
The fall of the REEF cryptocurrency price began a week before the general drain in May in the crypto market. Then the first wave of the fall was -70%.
However, there was also a worthy response from buyers – a rebound of the REEF price by +120% up in 4 days. Most likely, then the trigger for such a strong rebound was the news of the launch of the Minet by 05/28/2021.
As soon as the news worked out, the price of REEF was waiting for another fall wave by -70% and without any special volumes.
Now, looking at the chart, we see that the price of REEFUSDT has grown by +115% again, and volumes appeared only at the peak of the price.
Manipulators love to first drop the price by -70% and then raise it by +120%)
Nevertheless, it seems to us that with a positive background in the crypto market, the price growth in the REEFUSD pair may continue, because the price has not yet reached a strong liquidity zone.
It was in the zone of $0.0310-0.0460 that active trading took place from February to May. And as history has shown, sales took place there before further falling.