XRP Price Shows Bullish Signs, Recovery Towards $4 Projected
XRP is showing signs of bullish movement after a brief consolidation period. Key points include:
- XRP has recovered by 2% in the last 24 hours, reaching an intraday peak of $2.2.
- The cryptocurrency remains above critical support despite recent downward pressure.
- Technical analysis suggests XRP may continue towards $4.
Low Volatility Indicates Shift from Bearish Momentum
- Analysis indicates a transition from high volatility to smaller daily candlestick formations.
- Recent price movements show minimal volatility while still moving upward.
- This pattern signals a potential bullish continuation, as prices consolidate without forming new lows.
Consolidation Before Expansion: The Bullish Case for XRP
- XRP has consistently bounced off a support zone around $2.00 since April 16.
- Each consolidation phase has resulted in higher lows, confirming a bullish structure.
- Analyst projections suggest a move toward $4 if the current range resolves positively.
Currently, XRP is trading at $2.17, reflecting a 2% increase in the last 24 hours.
