XRP Technical Indicators Suggest Possible Rally Toward $6 by End of 2025
Main Idea
XRP's technical indicators and on-chain metrics suggest a potential rally to $6 by the end of 2025, driven by bullish chart patterns and strong buyer activity.
Key Points
1. XRP has broken out of a symmetrical triangle pattern on the daily chart, targeting a price of $6.03 if it closes above the $3.66 resistance level.
2. A bull pennant formation on the four-hour chart indicates a potential breakout target of $5.80 if resistance at $3.46 is surpassed.
3. The 90-day spot taker cumulative volume delta (CVD) shows strong buyer dominance, supporting the bullish outlook for XRP.
4. Investor sentiment remains cautiously optimistic, with technical and on-chain indicators collectively pointing to a potential rally by 2025.
Description
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