Price analysis: can XRP reduce 3 dollars after 8% of the daily surge?

The price of Ripple is growing steadily, approaching the upper boundary of the side of the wedge.

A breakthrough above this critical threshold can light a bull impulse when buyers are aimed at the resistance zone for $ 3.

XRP analysis

Shayan

Daily diagram

RP recently bounced from the lower border of the wedge model of $ 2, demonstrating the strong activity of the buyer. The subsequent rally cited the asset near the upper border at 2.5 dollars, which is a significant level of dynamic resistance.

If it breaks over this border, it is expected that the bull impulse will increase, potentially raising the price to the resistance zone for $ 3, which is an important psychological and technical level. In the coming days, they will be key, since the price action of about $ 2.5 will dictate the short -term Ripple trajectory. A successful breakthrough can prepare the ground for a stable bull tendency.

4-hour table

The Bull -Baby market structure of the XRP is obvious in a lower time, and the price forms higher maximums and higher minimums. Strong purchasing activity near the recovery level of Fibonacci 0.5-0.618 will cause this upward movement.

Despite the stable rally, Ripple remains in the range of $ 2-3, and a breakthrough is required for a new trend. It is expected that the price will rise to the threshold of $ 3, which is a level critical to confirm the continuation of bull. However, consolidation in this range will probably remain without a breakthrough.


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