#XRPETF
Technical Analysis:
• The current price is approximately $0.1905 with a daily decline of 5.35% and a 7-day decline of -31%.
• However, the currency recorded an increase over 30 days of +207% and over 90 days of +84%, reflecting renewed interest from investors recently.
• The highest price in 24 hours reached $0.2020, and the lowest price was $0.1904, with a noticeable decline in trading volumes after a sharp jump.
• Technically, the stock is going through a correction phase after a strong price explosion, but as long as it maintains support in the area of $0.18$ - $0.17, the medium-term trend remains upward.
• Note: The stock has risen over 30 days by more than 185%, which may enhance the chances of additional corrections before resuming the rise.
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Summary:
• Fundamentally, a strong project with real applications in the institutional market.
• Technically, despite the current correction, holding above support areas may open the door for a new upward attempt.
• Be cautious of short-term volatility and monitor support closely.