XRP Aims for $2.94 Break to Trigger Potential Upside Rally
CRYPTOWZRD provided insights on the current state of XRP, indicating an indecisive close in recent trading sessions, hinting at short-term uncertainty. Key points include:
- XRPBTC's performance is critical; a bullish movement could trigger a significant upside for XRP.
- The relationship between Bitcoin dominance and XRPBTC may influence potential breakout scenarios.
- A breakout from the symmetrical triangle formation in XRPBTC is necessary for XRP to exit consolidation and initiate an upward trend.
- If XRP turns bullish, it could break its daily lower-high trendline, bolstered by a double-bottom pattern visible on the daily chart.
- Resistance level at $3.65 is crucial, with a breakout above this point potentially leading to new all-time highs.
- Current sideways action in XRP is notable, with $2.94 as key resistance. A decisive move above this level may indicate bullish momentum.
- Should XRP remain below $2.94, further volatility is expected, requiring patience for future trading opportunities.
