XRP Bullish Engulfing Pattern Hints at New All-Time Highs
TL;DR
- XRP is trading within a triangle, with $3.44 marked as the key breakout resistance.
- Bullish Engulfing candles and strong support zones point to a possible upward move.
- Compression continues as liquidity tightens, mirroring setups that preceded past rallies.
Weekly Structure Builds Toward Breakout Zone
XRP has continued to trade within a symmetrical triangle pattern on the weekly chart. The structure has held for nearly a year, with the price now moving close to the upper trendline near $3.44. According to market analyst EGRAG CRYPTO, this level marks a potential breakout point. If cleared, XRP could target a move toward $7.34 based on the range of the formation.
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XRP Bullish Engulfing Pattern Hints at New All-Time Highs
TL;DR
- XRP is trading within a triangle, with $3.44 marked as the key breakout resistance.
- Bullish Engulfing candles and strong support zones point to a possible upward move.
- Compression continues as liquidity tightens, mirroring setups that preceded past rallies.
Weekly Structure Builds Toward Breakout Zone
XRP has continued to trade within a symmetrical triangle pattern on the weekly chart. The structure has held for nearly a year, with the price now moving close to the upper trendline near $3.44. According to market analyst EGRAG CRYPTO, this level marks a potential breakout point. If cleared, XRP could target a move toward $7.34 based on the range of the formation.
Read More
Top Ripple (XRP) Price Predictions, Cardano’s (ADA) Next Targets, and More: Bits Recap September 26th