XRP Price Prediction: Can XRP Break Out of Multi-Month Triangle?
The XRP price today is trading around $2.22 after a failed attempt to sustain above $2.30 in the last 24 hours. While the token has reclaimed bullish momentum from last week’s lows near $2.05, a decisive breakout is still lacking. Technical indicators show XRP trapped within a large multi-month symmetrical triangle, with volatility compressing rapidly ahead of a possible price expansion.
What’s Happening With XRP’s Price?
On the daily chart, XRP price is trading inside a well-defined triangle formation, with lower highs from March and consistent support just above $2.00. The range is getting tighter, and XRP is now pressing against the descending resistance trendline, hinting at a potential breakout attempt over the next few sessions.
The Supertrend indicator flipped bearish again at $2.3281, capping upside momentum. Meanwhile, the Parabolic SAR dots have shifted above the current price, suggesting short-term pressure remains. Despite this, XRP continues to hold above the $2.20 support, a level defended aggressively since June.
Directional Movement Index (DMI) shows a …
The post XRP Price Prediction: Can XRP Break Out of Multi-Month Triangle? appeared first on Coin Edition.
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XRP Price Prediction: Can XRP Break Out of Multi-Month Triangle?
The XRP price today is trading around $2.22 after a failed attempt to sustain above $2.30 in the last 24 hours. While the token has reclaimed bullish momentum from last week’s lows near $2.05, a decisive breakout is still lacking. Technical indicators show XRP trapped within a large multi-month symmetrical triangle, with volatility compressing rapidly ahead of a possible price expansion.
What’s Happening With XRP’s Price?
On the daily chart, XRP price is trading inside a well-defined triangle formation, with lower highs from March and consistent support just above $2.00. The range is getting tighter, and XRP is now pressing against the descending resistance trendline, hinting at a potential breakout attempt over the next few sessions.
The Supertrend indicator flipped bearish again at $2.3281, capping upside momentum. Meanwhile, the Parabolic SAR dots have shifted above the current price, suggesting short-term pressure remains. Despite this, XRP continues to hold above the $2.20 support, a level defended aggressively since June.
Directional Movement Index (DMI) shows a …
The post XRP Price Prediction: Can XRP Break Out of Multi-Month Triangle? appeared first on Coin Edition.
Read More
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