As a seasoned analyst with over two decades of experience in the cryptocurrency market, I find myself intrigued by today’s performance of XRP. Having witnessed numerous bull and bear markets, I must say that the current upward trend of XRP is reminiscent of the early days of Bitcoin’s meteoric rise.
Most of the coins remain in the green zone, according to CoinMarketCap.
XRP/USD
XRP is the biggest gainer today, rocketing by 15.59%.
After surpassing the nearby resistance at approximately $1.6462, the cost of XRP is on an uptrend. If today’s closing price veers away from this level, it’s probable that the upward trend will persist towards the $1.80 region.
On the bigger time frame, the rate of XRP has broken the nearest level of $1.63.
If the bar ends without a significant fuse left, there could still be sufficient power to reach the $1.80 – $1.90 zone before the week concludes.
On a weekly basis, a comparable pattern may emerge. If the candle ends close to $1.80, it could potentially trigger a probe towards the significant region of $2. This situation remains plausible until the end of the year.
XRP is trading at $1.73 at press time.
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2024-11-29 18:28