XRP, the native cryptocurrency of the Ripple network, is making waves again! 🌊 With the crypto market heating up and altcoins gaining momentum, XRP is showing strong technical signals that could push its price toward $3 this June. Let’s dive into five compelling charts that suggest a major rally might be just around the corner. 👇
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📊 1. Cup and Handle Formation – Classic Bullish Pattern!
One of the most reliable bullish indicators, the cup and handle pattern, has been forming on XRP’s daily chart. This pattern often precedes a breakout, and XRP’s structure fits the textbook example. If the handle completes and breaks resistance, a major price surge could follow. 💥
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⚡ 2. Golden Cross Incoming
The golden cross — where the 50-day moving average crosses above the 200-day MA — is one of the strongest bullish signals in technical analysis. XRP is nearing this crossover, which often marks the beginning of a long-term upward trend. 📈
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🔥 3. RSI Shows Strength
The Relative Strength Index (RSI) is currently climbing but hasn’t hit the overbought zone yet. This means buyers are gaining strength without the asset being overvalued. Momentum is building, and it could fuel a strong rally in June. ⏫
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📉 4. Volume Surge Supports Rally
Volume precedes price, and XRP has seen a noticeable spike in daily trading volume. 📊 Increased volume during price upticks typically suggests accumulation by large players — a bullish sign for any asset.
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🛡️ 5. Strong Support Zones Holding Firm
XRP has bounced off the $0.50–$0.55 support zone multiple times over the past months. This shows strong buying interest at those levels, forming a reliable base for upward movement.
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💡 Final Thoughts
With multiple bullish patterns aligning, XRP appears ready to break out of its current range. If the momentum continues, $3 could be within reach this June. 🌕 As always, keep an eye on the market, manage risk wisely, and DYOR (Do Your Own Research) before making any investment decisions.
📢 Are you bullish on XRP? Drop your target in the comments! 👇
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