$XRP
🚨XRP Price Prediction: Deeper Crash Ahead🚨
Looking at the daily chart, CCN observes that XRP’s price has formed a bullish pennant, a pattern that signals the potential for another upward breakout.
However, buyers are not stepping in with strong volume.
Therefore, this setup might not provide the momentum needed for XRP to reclaim higher levels.
Amid this setup, the Moving Average Convergence Divergence (MACD) has flashed a bearish crossover, with the 12-day EMA crossing below the 26-day EMA.
Should this trend remain the same, XRP’s price might drop to $2.45 at the 0.618 golden ratio. Failure to hold this point could also accelerate the downtrend.
In that scenario, XRP’s price might decline below $2. However, this prediction might be invalidated if buying pressure increases and whales intensify accumulation.
If that were to happen, XRP might break above the triangle’s upper trendline and pennant, causing its market value to jump to $3.66.
