CandleFocus Will XRP Repeat 2017-like Breakout Pattern and Hit $7?
2024-11-21
Author: Content Editor
The Bitcoin is nearing the $100K mark, leading to speculation about XRP potentially breaking through a significant resistance level like it did in 2017. A crypto analyst has compared XRP's current price movement to its breakout in 2017 and believes it may follow a fractal pattern, rising sharply after surpassing critical resistance levels. This speculation has ignited discussions on social media, with some users optimistic about XRP's potential growth, while others question the feasibility of such rapid expansion given liquidity constraints in the crypto market. Currently, Ripple is priced around $1.10 with a 50% increase in the past week, and its consolidation pattern is seen as a bullish sign for the cryptocurrency.
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