XRP (XRP) Price Prediction for July 24
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XRP price is trading around $3.48 on July 23 after surging past the $3.20 and $3.00 resistance levels earlier this week. This move followed a clean breakout from a multi-month descending structure, as shown on the daily chart. Price has now entered consolidation just below the $3.62 mark, forming a bullish pennant that could precede another impulsive leg higher.
What’s Happening With XRP’s Price?
The daily chart shows a sharp rally from below $2.10 to $3.55, triggered by a breakout from a falling wedge that had trapped XRP for over two months. Since breaching key resistance near $2.80, XRP price has been respecting higher demand zones and is now trading within a tight flag-like consolidation structure.
On the 4-hour chart, XRP is compressing inside a symmetrical triangle or bullish pennant, with resistance near $3.62 and support trending higher from $3.35. This structure is typical of post-breakout pauses before a continuation move. Parabolic SAR dots are beginning to flatten above the price, reflecting cooling momentum, but not yet a reversal.
Meanwhile, On-Balance Volu…
The post XRP (XRP) Price Prediction for July 24 appeared first on Coin Edition.
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XRP (XRP) Price Prediction for July 24
Share:
XRP price is trading around $3.48 on July 23 after surging past the $3.20 and $3.00 resistance levels earlier this week. This move followed a clean breakout from a multi-month descending structure, as shown on the daily chart. Price has now entered consolidation just below the $3.62 mark, forming a bullish pennant that could precede another impulsive leg higher.
What’s Happening With XRP’s Price?
The daily chart shows a sharp rally from below $2.10 to $3.55, triggered by a breakout from a falling wedge that had trapped XRP for over two months. Since breaching key resistance near $2.80, XRP price has been respecting higher demand zones and is now trading within a tight flag-like consolidation structure.
On the 4-hour chart, XRP is compressing inside a symmetrical triangle or bullish pennant, with resistance near $3.62 and support trending higher from $3.35. This structure is typical of post-breakout pauses before a continuation move. Parabolic SAR dots are beginning to flatten above the price, reflecting cooling momentum, but not yet a reversal.
Meanwhile, On-Balance Volu…
The post XRP (XRP) Price Prediction for July 24 appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
XRP Price Prediction: Descending Trendline Caps Recovery As ETF Launch Fails To Ignite Breakout