CandleFocus Ripple Analysis: What’s Blocking XRP From Achieving a New All-Time High?
2025-01-20
Author: Content Editor
Ripple has experienced a strong bullish trend, breaking out from a multi-year sideways wedge pattern and reaching its all-time high. This breakout was fueled by strong buyer activity and the presence of moving averages. While a temporary correction or consolidation may occur, ongoing buying pressure suggests the possibility of further upward momentum and the potential for new all-time highs. On the 4-hour timeframe, Ripple's bullish structure is evident, although it may encounter resistance in the $3.3-$3.4 region. Despite the possibility of a temporary rejection or market consolidation, the strong bullish momentum indicates the potential for a breakout above this resistance.
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