XRP Targets $3.62 After Completing ABC Correction
- XRP completes ABC correction, confirming bullish Wave 2 formation.
- RSI and MACD indicate renewed momentum, supporting a potential breakout.
- XRP must hold above $2.60 to target $3.62 in the coming weeks.
XRP has completed an ABC correction pattern, setting the stage for a potential breakout. After peaking at $2.90 on December 3, the cryptocurrency retraced to $2.16 in Wave A, briefly rebounded to $2.65 in Wave B, and dipped below $2.00 in Wave C, completing the correction phase.
Technical signals indicate Wave 2 is now forming, a typical move after an ABC retracement. XRP has broken out of a descending parallel channel, reclaiming key price levels. If buying momentum holds, the price could push toward $3.62, aligning with Fibonacci extension targets and historical resistance levels.
Related: Bitcoin & Altcoin Price Trends: What’s Next for XRP, ETH, SOL, and JUP?
Technical Indicators Suggest a Bullish Reversal
Trading volume has increased, pointing to renewed interest. The Relative Strength Index (RSI) has rebounded from oversold conditions, moving toward a neutral-to-bullish zone. A climb above 50 could further validate upside potential.
The post XRP Targets $3.62 After Completing ABC Correction appeared first on Coin Edition.
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XRP Targets $3.62 After Completing ABC Correction
- XRP completes ABC correction, confirming bullish Wave 2 formation.
- RSI and MACD indicate renewed momentum, supporting a potential breakout.
- XRP must hold above $2.60 to target $3.62 in the coming weeks.
XRP has completed an ABC correction pattern, setting the stage for a potential breakout. After peaking at $2.90 on December 3, the cryptocurrency retraced to $2.16 in Wave A, briefly rebounded to $2.65 in Wave B, and dipped below $2.00 in Wave C, completing the correction phase.
Technical signals indicate Wave 2 is now forming, a typical move after an ABC retracement. XRP has broken out of a descending parallel channel, reclaiming key price levels. If buying momentum holds, the price could push toward $3.62, aligning with Fibonacci extension targets and historical resistance levels.
Related: Bitcoin & Altcoin Price Trends: What’s Next for XRP, ETH, SOL, and JUP?
Technical Indicators Suggest a Bullish Reversal
Trading volume has increased, pointing to renewed interest. The Relative Strength Index (RSI) has rebounded from oversold conditions, moving toward a neutral-to-bullish zone. A climb above 50 could further validate upside potential.
The post XRP Targets $3.62 After Completing ABC Correction appeared first on Coin Edition.
Read More