XRP Forms Bullish Reverse Dragon Pattern With Price Potential Above $3
The XRP price is displaying bullish signals despite recent dips. A Reverse Dragon Pattern is forming, suggesting potential upward movement following a rally that began in April.
XRP Price Analysis
- XRP price currently above $2, previously seen as a 'yo-yo' movement.
- Formation of the Reverse Dragon Pattern indicates faster price increases may occur.
- Analyst predicts a potential rise above $3 within this month.
Future Scenarios
- If resistance at $2.3612 breaks, an uptrend could lead to testing resistance at $2.9.
- A drop below support at $2.03445 may push the price down to around $1.6.
- If bulls and bears remain in a stalemate, sideways movement may persist with potential bearish divergence.
