CandleFocus Will XRP Bull Run Reach $0.91 Amid Triangle Breakout?
2024-09-30
Author: Content Editor
XRP has experienced a breakout rally, reaching a high of $0.66, and is potentially aiming for a breakout run to $0.91. This bullish sentiment is due to the approaching deadline for the SEC to appeal the recent ruling regarding Ripple. XRP's price has climbed back to $0.65, accompanied by an 11% increase in trading volume. The daily chart shows a significant boost in the bullish cycle, with a triangle pattern breakout and strong upward momentum. The recovery run is challenging the 78.60% Fibonacci level, and if a bullish breakout occurs, the next potential targets are $0.72 and $0.91. However, there is also the possibility of a downturn if the SEC decides to appeal the ruling, which could crush market optimism.
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