Ripple’s XRP Tests Historic Support That Sparked Its 2018 Surge
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Ripple's XRP is exhibiting a similar technical pattern to that of 2017, having broken out from a multi-year triangle and currently testing 21-month EMA support. Analysts note this historical pattern could precede a potential price rally, similar to the sharp climb observed in early 2018.
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Ripple’s XRP has drawn attention once again following a technical setup that resembles its 2017 market pattern. Now, traders are watching its behavior around a key support level that once triggered a major rally.
XRP Returns to 21-Month EMA Support
In 2017, XRP broke out from a multi-year triangle, held above the 21-month EMA, and then climbed sharply in early 2018. Analyst JD pointed out that the token is now showing a near-identical pattern. It has broken out from a large triangle and is currently bouncing off the same 21-month EMA.
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