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This is a daily technical analysis of Coindeska analyst and an authorized market technician Omkar Godbole.
Míra XRP
The volatility of prizes came across the lowest level since President Donald Trump’s victory in the US elections in November. Yet it is not yet at a level that has historically presented strong directional trends.
According to an analized analized analized analized analized analized analized annualized annualized volatility, depending on how volatile prices have been over 44%, the lowest, lowest, lowest, lowest, lowest, lowest, lowest, lowest, lowest, lowest. The decline is a sharp picture of the maximum over 150% registered in December and March.
The melting of volatility follows the boring price on the XRP market. Despite the debut Futures XRP on CME, several issuers requesting the XRP ETF spot and the overall positive regulatory development for the crypto industry within the Trump Presidency.
Since March, XRP has been traded back and forth between $ 2 and $ 2.60, which occasionally short -term drops below $ 2. XRP is a cryptocurrency focused on Pays used by FINTECH RIPPLE to facilitate cross -border transactions.
The price event is in line with the Bitcoins event, the leading cryptocurrency according to the market value, which was usually traded between $ 100,000 and $ 110,000 in nearly 50 consecutive days.
What to do next?
Volatility is an average control, which means that over time it tends to fluctuate around its long -term average. In other words, a sharp increase in volatility often prepares the way for consolidation and a long -term decline in volatility usually determines the phase of strong directional trends.
This means that 30 -day volatility is still significantly above 15% to 30%, which since 2014 has identified DNA volatility and turbulence of renewed prices.
