Why Ripple (XRP) Prize exploded by 12 % (and an important catch) in 7 days

Veröffentlicht:

Aktualisiert:

Von: Krypto News Österreich

Obwohl der größte Teil des Kryptowährungsmarkts größtenteils rot bedeckt ist, scheint ein prominenter Altcoin hervorzustechen. RippleDer XRP-Preis ist in den letzten Tagen stark gestiegen und zeigt keine Anzeichen einer Verlangsamung. Der coin ist im Wochenvergleich um etwa 12 % gestiegen und hat ein wichtiges Niveau erreicht – das von 0,6 $. Hier sind also ohne weitere Umschweife ein paar Gründe, warum das so sein könnte. Werden die Chancen der SEC geringer? Zwar gibt es keinen neuen Durchbruch im Verfahren gegen die US-Börsenaufsichtsbehörde Securities and Exchange Commission, doch es scheint, dass die Anleger beginnen, das Potenzial für einen Sieg einzupreisen. Erinnern …
Although most of the cryptocurrency market is largely covered, a prominent old coin seems to be emphasized. Rippleder XRP price has risen sharply in the past few days and shows no signs of slowing down. The coin has increased by about 12 % in a week comparison and has reached an important level - that of $ 0.6. So here are a few reasons why this could be the case. Are the chances of the seconds lower? Although there is no new breakthrough in the procedure against the US stock exchange supervisory authority Securities and Exchange Commission, it seems that investors begin to promote the potential for a victory. Remember … (Symbolbild/KNAT)

Although most of the cryptocurrency market is largely covered, a prominent old coin seems to be emphasized.

Rippleder XRP price has risen sharply in the past few days and shows no signs of slowing down. The coin has increased by about 12 % in a week comparison and has reached an important level - that of $ 0.6. So here are a few reasons without further ado why that could be.

the chances of the seconds are lower?

Although there is no new breakthrough in the procedure against the US stock exchange supervisory authority Securities and Exchange Commission, it seems that investors begin to praise the potential for a victory.

remember that judge Analisa Torres rejected the SEC's application a few weeks ago to seal documents in connection with a speech by the former director of the company financial department of the agency - Bill Hinman.

This apparently caused many people to assume that the case will soon be completed. Charles Hoskinson - the founder of Cardano - is one of them. He assumes that the case will be resolved in June.

XRP bulls are excited

It also seems that investors prepare for a possible increase in the XRP price on the levered stockings.

Data from the popular analysis tour of Coinglass show that the relationship between long and short positions rose to over 1 last day. This applies to most major cryptocurrency exchanges that support Leveraged Trading.

essentially indicates that long positions dominate and there are currently more buyers than sellers.

However, this could also cause some concerns. Levered positions are liquidated as soon as the collateral provided are not enough to cover the trade. In other words, they are inevitably closed. And the closure works as follows: Long positions are sold while short positions are bought. This can lead to so -called squeezes.

When the price begins to move aggressively against the prevailing mood (in this case bullish), this leads to a cascade of long liquidations (that is, sold positions) that heat the fire even further.

.