Is Ripple (XRP) Ready to Explode After the Consolidation Period? Technical Inspection Data

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Located in the seventh place in the market value ranking XRP, which has been undergoing a significant period below the critical trend line for about 60 days. Ripple is stuck between vital support levels and resistance barriers, and the possibility of a decimation is expected in the near term.

Important Levels of XRP Price

XRP, which continues its consolidation dec significant levels of support and resistance. This congestion, which is seen on the charts, gives rise to the expectation of a break. According to experts, such an upward break could be a sign of a rally that could retest the levels recorded in 2018.

The XRP price points to a bright future, creating more than one bullish pattern. November Dec August 9 and November 2, when the price movement was evaluated, XRP left behind important milestones. Combining these tuesday points with trend lines allows you to create an upward triangle model.

XRP its price has stuck, indicating a significant decrease in volatility as it moves along this formation. Dec tuesday tuesday predicts an increase of 80%, which is determined by adding the distance between the first high oscillation and the low oscillation to the break-even point. the decisive close above $1.137, the 50% fibo retracement level, will confirm the confirmation of the uptrend.

The Journeys that Await XRP Investors

In the upward fracture XRPthe price band for the waiting trips is between 1.237 dec and 1.417 dec. However, a decisive one-day close above $1.417 will activate the $2 scenario. With the preservation of momentum, the XRP price can retest the 161.8 dollar at the 2.324% fibo level. This represents an increase of 104% from $ 1,137.

The price at the expected fibo level at the next load rise will be $ 3.31, just below the all-time high of $ 3.226. Technical data XRP while predicting a bold target for its price, in-chain measurements strongly support this claim.

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