XRP showcases bullish ascending triangle pattern, hinting at potential $0.69 target
Analysts and traders are closely watching this development as the ascending triangle observed on the XRP/USD price chart could signal renewed buying interest and momentum.The XRP/USD daily price chart, as highlighted by Aksel Kibar, founder of TechCharts, indicates the formation of a two-month-long ascending triangle.
This pattern is characterized by a flat upper trendline and an upward-sloping lower trendline, suggesting a consolidation phase where sellers are gradually overtaken by buyers. Historically, an ascending triangle is viewed as a bullish pattern, often leading to a breakout above the upper trendline. manages to surpass the $0.56 resistance level, there is potential for the cryptocurrency to reach the $0.69 target .
Ripple Provides Major Update on XRP Case v. SEC, Binance Delists SHIB, LUNA, ADA Trading Pairs; Important Alert Issued as XRPL Sidechain Goes Live: Crypto News Digest by U.Today Ripple Provides Major Update on XRP Case v. SEC, Binance Delists SHIB, LUNA, ADA Trading Pairs; Important Alert Issued as XRPL Sidechain Goes Live: Crypto News Digest by U.TodayRipple Provides Major Update on XRP Case v. SEC, Binance Delists SHIB, LUNA, ADA Trading Pairs; Important Alert Issued as XRPL Sidechain Goes Live: Crypto News Digest by U.
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