XRP Price Analysis
XRP (XRP) broke and closed above the symmetrical triangle pattern on January 11, indicating that the uncertainty has been resolved in favor of the bulls.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day moving average ($2.34) has started to rise, and the RSI is in the positive zone, indicating an advantage for the bulls. If the price holds above the triangle, the XRP/USDT pair could rise to $2.73 and then to $2.91. The sellers are expected to defend the $2.91 level strongly, but if the bulls prevail, the pair could rise towards the target of $4.84.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day moving average ($2.34) has started to rise, and the RSI is in the positive zone, indicating an advantage for the bulls. If the price holds above the triangle, the XRP/USDT pair could rise to $2.73 and then to $2.91. The sellers are expected to defend the $2.91 level strongly, but if the bulls prevail, the pair could rise towards the target of $4.84.
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XRP
2.129
-0.28%