XRP Surges 13.7% Amid Bullish Cross Indicating Possible Price Rally
XRP Price Analysis
XRP is currently experiencing a bullish trend, characterized by:
- Consistent higher lows and higher highs.
- A recent surge above $2.07 resistance with trading volume of 240M on April 12.
- Technical targets projected between $10-$20 in the coming months.
- Current trading around $2.00, with potential for further upward movement if $2.22 resistance is breached.
- Formation of an ascending triangle pattern suggesting a move toward $2.40.
- Strong support established at $2.08.
- Significant volume increases during key breakouts.
Key Technical Indicators
- XRP has risen from $1.93 to $2.24, marking a 13.7% increase.
- Fibonacci extension suggests targets at $2.28 and $2.35.
- Consolidation observed between $2.13-$2.16, indicating a bull flag pattern.
- Recent price action includes a 0.77% gain from $2.143 to $2.160.
- Support at $2.148 and resistance at $2.160 within an ascending channel.
- Volume spikes confirm buyer interest during upward movements.
- A bullish crossover between the 55-week EMA and 155-week MA indicates potential for significant price growth.