XRP Could Surge to $3.15 Following Support Level Hold
An analyst suggests that XRP might bounce to $3 or $3.15, based on its current technical support level.
Key Points:
- XRP is following a Parallel Channel pattern, indicating potential bullish or bearish trends depending on price movement relative to trendlines.
- The asset recently dipped below the channel's support but has since recovered, a behavior seen before leading to price surges.
- The analyst predicts possible targets of $3 or $3.15 if the current momentum continues.
- Stellar (XLM) is also exhibiting similar patterns, with a target of $0.41 at the channel's resistance line.
Current Price:
XRP is trading at approximately $0.285, an increase of 2.5% over the past 24 hours.