CandleFocus XRP Price Analysis: Can it Break Out of Channel B and Rally to $1?
2024-10-18
Author: Content Editor
According to technical analysis by EGRAG Crypto, XRP is currently trading within an established price range called "Channel B." XRP has been prevented from closing above certain levels in this range since July 2017. The current price action suggests a potential breakout, with XRP trading at the upper border of the channel. If XRP closes within Channel B at the end of the month, it could trigger a significant price rally. Resistance targets for XRP are $0.6450, $0.85, and $1.10, while key support levels are $0.48, $0.38, and $0.28. EGRAG Crypto also identified larger cycle targets for XRP at $7.5, $13, and $27. The coming weeks could be decisive for XRP's price trajectory.
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