XRP Bulls Challenge $2.20 Resistance; Analyst’s $6 Target Now in Sight
- XRP’s Ascending Broadening Wedge hints at a potential surge toward the $17.50 mark
- On-chain metrics show a 67.5% spike in activity, suggesting quiet accumulation
- Resistance at $2.12–$2.16 and support at $2.00 are critical for the next breakout move
XRP finds itself at a critical juncture, according to top market analysts studying its chart, with a strong technical formation suggesting a price move could be ahead. As of press time, XRP trades at $2.20 with a market cap exceeding $125 billion and a 24-hour volume of over $4.8 billion.
Despite a modest 2.5% price increase in the last day, traders and investors are watching the asset closely. XRP has formed a prominent Ascending Broadening Wedge pattern, and the coming weeks may determine whether this leads to a powerful breakout or a sharp pullback.
Analyst Eyes $17 Target from Wedge Breakout
Analyst EGRAG CRYPTO highlights this wedge: support near $1.90, resistance between $5.00-$6.00.
A decisive close above that $5-$6 resistance could open the door for a bullish run, EGRAG suggests. His projected measured move targets roughly $17.50 (potential 8x gain).
The post XRP Bulls Challenge $2.20 Resistance; Analyst’s $6 Target Now in Sight appeared first on Coin Edition.
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XRP Bulls Challenge $2.20 Resistance; Analyst’s $6 Target Now in Sight
- XRP’s Ascending Broadening Wedge hints at a potential surge toward the $17.50 mark
- On-chain metrics show a 67.5% spike in activity, suggesting quiet accumulation
- Resistance at $2.12–$2.16 and support at $2.00 are critical for the next breakout move
XRP finds itself at a critical juncture, according to top market analysts studying its chart, with a strong technical formation suggesting a price move could be ahead. As of press time, XRP trades at $2.20 with a market cap exceeding $125 billion and a 24-hour volume of over $4.8 billion.
Despite a modest 2.5% price increase in the last day, traders and investors are watching the asset closely. XRP has formed a prominent Ascending Broadening Wedge pattern, and the coming weeks may determine whether this leads to a powerful breakout or a sharp pullback.
Analyst Eyes $17 Target from Wedge Breakout
Analyst EGRAG CRYPTO highlights this wedge: support near $1.90, resistance between $5.00-$6.00.
A decisive close above that $5-$6 resistance could open the door for a bullish run, EGRAG suggests. His projected measured move targets roughly $17.50 (potential 8x gain).
The post XRP Bulls Challenge $2.20 Resistance; Analyst’s $6 Target Now in Sight appeared first on Coin Edition.
Read More