Ichimoku Clouds Signal: #Xrp🔥🔥

XRP XRP Price in Position to Break Out of Descending Triangle,

According to technical analysis based on the Ichimoku Cloud indicator, the price of the cryptocurrency XRP is preparing to break out of a long-standing descending triangle chart pattern,

Despite the price dropping below $2 in recent months, experts believe that a strong and long-term rise is expected in the price of XRP,

Crypto analyst Dark Defender stated in his weekly report that the price of XRP is now testing the upper limit of this descending triangle, which could be the beginning of a major bullish move,

The chart also indicates that XRP has formed a rounded cup formation that began after the previous corrective structure A-B-C, this formation reinforces the possibility of the price rising,

If the XRP price breaks the resistance levels of $2.19, $2.22, and $2.33 If so, the next target would be the 161.8% Fibonacci extension of $3.61, which would signal a significant change in the market.

June and July have been described as “hot” months for XRP, where its price has been stable between the long-term support zone of $2.07 and $1.88.

If the $3.61 target is achieved, the price could go up to $5.85 in the next phase, which would indicate the completion of the third, fourth, and fifth phases of the five-phase Elliott Wave.

According to Dark Defender, a short correction is expected after reaching $3.61, after which the fifth phase could reach a new high with a rapid increase.

These technical indicators predict a bright future for XRP, which could provide investors with a potentially profitable opportunity ....

This is a news, this is an analysis,

This is not financial advice from the author of the post, if you want to invest in the crypto market, then do a thorough research first, then buy,

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