XRP Price Prediction: XRP Climbs Is the $1 Milestone Next?
XRP is forming its fifth consecutive bullish candlestick
XRP has extended its increase beyond the $0.450 resistance zone, indicating positive momentum.
The price might rise further, potentially breaking above the $0.4900 resistance level.
$XRP has faced multiple rejections around the $0.7500 level, establishing this as a significant resistance point.
The daily chart reveals a falling wedge pattern, which often signals a potential reversal in a declining trend.
On July 5, XRP’s price dropped to a low of $0.38, continuing its decline from a March peak of $0.7500.
The $0.4 support zone has been critical, preventing daily candle closes below this level and holding the market steady.
On the weekly chart, $XRP is forming a symmetrical triangle, suggesting a potential for a significant move.
The altcoin has seen a recovery rally, up by 12.20% over the past five days, challenging the overhead trendline.
An upside breakout from the current pattern could indicate the start of a new advance, potentially leading to a new all-time high.
According to Coingabbar analysis, Conversely, a downside breakout could see XRP falling to the $0.30 area, highlighting a crucial support level.
KEY LEVELS :
RESISTANCE LEVEL : $0.5000-$0.5700
SUPPORT LEVEL : $0.4200-$0.3800
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
