Ripple’s XRP Eyes Crazy Bullish Cup-and-Handle Breakout, Surpasses Oil Giant Shell in Value
Main Idea
XRP's bullish trend continues despite a recent pullback, with analysts predicting further gains based on technical patterns, and its market cap surpassing major companies like Siemens and Shell.
Key Points
1. XRP recently completed a bullish cup-and-handle pattern with a 55% depth, setting a technical target of $5.27.
2. Analyst Lingrid notes XRP is consolidating, with an emerging wedge pattern potentially leading to a rally continuation above $4.00 if the structure holds above $3.30.
3. XRP's market cap surged to $211.41 billion, surpassing Siemens ($206.03 billion) and Shell ($205.92 billion) in perceived value by market cap.
Description
Despite witnessing a pullback at the $3.30 zone after recently hitting an all-time high (ATH) of $3.65, XRP’s bullish picture is still game on.
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