CandleFocus XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout
2025-01-24
Author: Content Editor
XRP is currently in a critical position after breaking its all-time high and is attracting attention as a potential leader in the next major rally. Analysts are predicting a price discovery phase and there is a bullish setup for XRP according to crypto expert Carl Runefelt. The price is forming a bullish pennant pattern, suggesting a significant breakout and potential upward continuation. Investors are closely watching XRP's momentum and a breakout from the bullish pennant could confirm its trajectory towards new milestones. XRP is well-positioned to capitalize on the momentum and has the potential to deliver significant returns. The asset is currently in a consolidation phase and key levels to watch are $3.25 resistance and $3.05 support. A breakout above resistance or defense of support will provide clearer direction for XRP's next move.
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