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The XRP price saw a Increase in value during the weekend As the bulls seemed to return to the table. Since the market has been low in recent months, investors have benefited without surprise this as an opportunity to go out at a slightly higher price. This has led to more negative networks in recent days, adding even more red in April which was dominated by outings.
XRP’s April outings cross $ 300 million
According to data From Coinglass, XRP has trouble with negative net flows for most of April, recording more red days than Green. Even the green days were quite deaf and fell below the volumes recorded on the red days. Until now, with only 13 days in the month, there have already been more than $ 300 million in outings recorded for the month already.
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So far, only four of the 13 days have ended with positive net flowsSencing $ 56.08 million in entries for the month. On the other hand, the other nine days were dominated by outings, reaching $ 311 million on Sunday.
This coherent outing suggests that sellers always dominate the market, which explains why The XRP price continued to stay low Throughout this period. In addition, if this negative net to flow tendency continues, the XRP price could undergo new accidents from here.
However, compared to the last three months, the month of April seems to record a slowdown in the outings. For example, the months of January and March recorded days of exit of $ 150 million, while the highest until now in April has been $ 90 million, which occurred on April 6.
Another one to come?
Although there was a performance of positive feeling among XRP investors, lowering expectations are still abounding, although mainly in the short term. Crypto Egrag Crypto analyst, a known XRP bull, has noted that Altcoin is likely to see another drop in price before a recovery. Nevertheless, the Long -term expectations are always extremely optimistic.
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The Crypto analyst highlights the possibility for the XRP price to increase to $ 1.4, but explains that he continues to hold his position. As of What is the price of the priceThe analyst maintains three main price objectives: $ 7.50, $ 13 and $ 27.
“For me, I am the graphics with a clear understanding that certain events will take place, but I am aware of the news to see which stories are created to influence market movements,” said Egrag Crypto.
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