Ripple’s XRP Eyes $7? Only If This Critical Level Holds Firm
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Ripple’s XRP is trading well above $2.00, a level many traders are watching. The price movement near this zone has triggered strong reactions in the past. Market participants are now focused on whether this level will continue to hold or give way.
XRP Trades at Key Structural Support
XRP trades around $2.20 at press time, with daily gains of 7% and a weekly rise of 3%. The 24-hour range sits between $2.04 and $2.28, based on CoinGecko data. Analyst Ali Martinez noted that the asset appears to be forming a right-angled ascending broadening wedge. This structure features a flat support level near $2 and a rising, expanding upper boundary.
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Ripple’s XRP Eyes $7? Only If This Critical Level Holds Firm
Share:
Ripple’s XRP is trading well above $2.00, a level many traders are watching. The price movement near this zone has triggered strong reactions in the past. Market participants are now focused on whether this level will continue to hold or give way.
XRP Trades at Key Structural Support
XRP trades around $2.20 at press time, with daily gains of 7% and a weekly rise of 3%. The 24-hour range sits between $2.04 and $2.28, based on CoinGecko data. Analyst Ali Martinez noted that the asset appears to be forming a right-angled ascending broadening wedge. This structure features a flat support level near $2 and a rising, expanding upper boundary.
Read More
XRP at Crucial EMA Cross: Breakout or Bear Trap?