price of Ripple (XRP) is set to skyrocket amid this bullish fourth quarter for cryptocurrencies!

50 minutes ago | 2 minute read Altcoin News

A bullish pennant pattern indicates that sellers may be building support at the bottom.

price of XRP rose when the stochastic was well above 20.

Since the start of the great fourth quarter, the cryptocurrency industry has seen ups and downs. After the race to the main currency, earnings appear to be increasing in more cryptocurrencies. In particular, Solana, Polkadot and gimbal are preparing for third place. However, the prices of Ripple (XRP) are quietly waiting to replace other cryptocurrencies.

Since the beginning of the fourth quarter, the price of Ripple (XRP) has maintained a constant upward trend. This despite the fact that the platform seized the opportunity to lay the foundations for a future masterpiece.

platform’s continued growth promotion has supported price momentum in recent weeks. So it’s time to stop listening to generalizations and focus on pricing carals. Cryptocurrency expert Jaydee_757 has provided fascinating predictions for short-term XRP prices.

A bullish pennant pattern indicates that sellers could build support at the bottom and subsequently a price reversal towards higher highs. chart recalled previous historical events. After Stoch’s RSI crossed above 20, price momentum rose 74x to $ 0.287 from $ 0.00568 in 2017. Stock’s RSI above 40 pushed price 14x from $ 0.20 to $ 2.19.

Read also DRepublic launches MetaCore, the world’s first combinable NFT platform

Bullish pennant formation

price of XRP rose when the stochastic was well above 20 and was accompanied by a formation of bullish pennants. However, the cryptocurrency is about to break out of a bullish pennant formation.

XRP / USDT: Source: TradingView

Looking at the likely entry and exit points, the analyst predicts that the highest long-term holding possibility is between $ 0.50 and $ 0.83. sales targets are $ 8.92 (2.6187 Fib) and $ 14.28 (4.618 Fib).

price of XRP could rise if the case against Ripple is resolved in its favor. However, despite widespread fears, institutional inflows have reached $ 54 million. According to CurrencyMarketCap, the price of XRP today is $ 1.14 USD with a 24-hour trading volume of $ 3,514,775,060 USD.

Source link


Related Posts

© 2024 Cryptocoin