XRP Is Gearing Up For Another Surge – The 4-Hour Chart Says It All
Main Idea
The article discusses the potential for XRP's price surge based on technical analysis and market trends, highlighting key resistance levels and bullish patterns.
Key Points
1. XRP is showing an upward move on the 4-hour chart, with a key resistance level at $2.23 that could lead to further gains if broken.
2. Analysts suggest XRP is in a critical accumulation phase, with potential targets at $2.85 and $3.35 if bullish momentum continues.
3. The 2-day chart indicates a massive triangle pattern, similar to patterns observed during the 2017 bull run, suggesting a possible breakout.
4. XRP is currently trading at $2.20, with technical indicators like the 200 EMA supporting a bullish outlook.
5. The article references multiple analysts and their predictions, including a potential 25% upside move and long-term targets up to $4.60.
Description
On the 4-hour chart, XRP is showing signs of coiling up for a breakout. The structure remains intact , as long as the broader market doesn’t break down, the chart looks primed for an upward move. Launchpad Is Set – XRP Bulls Are Waiting For Confirmation XRP is approaching a pivotal moment on the chart, according to SquirtleCharts’s post on X, and the key resistance level at $2.23 is acting as the gatekeeper. If it breaks above this level with strength and follow-through, it could unlock a rapid ...
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