After a brief consolidation around the $2.5 mark, XRP might be preparing for a significant upward movement. With the cryptocurrency hovering near its resistance level, could it soon reach the $5 mark, eclipsing its previous all-time high? ๐ค
A Bullish Setup: What the Charts Reveal ๐
In the past 24 hours, XRP has regained momentum, trading back above the crucial $2.5 level after a period of price consolidation. The asset had been locked in a narrow trading range between $2.3 and $2.5 for about a week. This consolidation typically sets the stage for a breakout, and XRPโs recent price action suggests that this breakout could be toward higher ground. ๐ช
A TradingView analysis shows the technical indicators such as the Relative Strength Index (RSI) highlight a bullish trend. The RSI has shown a bullish divergence in the direction of
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2025-02-13 18:09