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.
Related News
Bitcoin Exchange Binance Announces It Will End Pre-Market Trading for This Altcoin and Launch Spot Trading! Donald Trump Crypto Assets Surge by $6.1M in 2024 With Memecoins Dominating US SEC Officially Appeals Ripple Ruling Over , $XRP Dips Alchemy Pay Partners with CKB Eco Fund to Streamline $CKB Purchases SEC targets Ripple’s XRP sales on exchanges, distributions of XRP to employees in new filing Bitcoin to pump if oil, energy prices surge amid Middle East tension: Hayes Best Cryptos to Buy for 2024: This Strategy Could Maximize Your Profits Fantom (FTM) Price Shows Signs of Slowing After 14% Weekly Surge Is a gently used 2001 honda civic ($USEDCAR) the next super memecoin? Bitcoin Analyst Predicts Final Correction Before All-Time High Push Smart Money Nets Millions: Big Wins with PEPE, SPX, MOG, and WOJAK Crypto Goes Mainstream: Blackrock Boosts North America's $1.3T Inflows US has 26M strong ‘crypto voting bloc’ ahead of elections — Survey XRP Price Analysis: Can it Break Out of Channel B and Rally to $1? VeChain (VET) “Turbo Trigger” Activated? Price Could Reach $1 Russia’s Central Bank Report Spotlights Ripple Potential Despite SEC Appeal China’s Stock Rally Takes a Toll on its Crypto Market Memecoins drove Tron network revenue to new high over Q3: Messari Nearly 70% of institutional investors commit to Ethereum staking – survey Best Cat-Themed Meme Coins Today Hot Trends MOG and More Unveiling the Hidden Threats: Critical Blockchain Security Flaws Exposed Top Bitcoin Gatherings of 2024: Where Crypto Minds Converge Best Staking Crypto Coins Of 2024 Blockchain For Earning Income Sheffield United Partners with Solana Meme Coin MANEKI for the 2024/25 Season The Most Promising Cryptocurrencies in Q3 2024: Bitcoin, Ethereum, and Beyond Ripple Joins Forces With the IRC to Help Crisis-Affected People (Details) FTX Token (FTT) Leads Market Gains, But It Does Not Mean Much Shiba Inu (SHIB): Get Ready for Golden Cross, Solana (SOL) on Verge of Failing, Ethereum (ETH) Fights With Major Resistance Level Why Did SEC Miss Crucial Ripple Appeal Deadline? Bank Of America Says Gold Is The Ultimate Safe Haven, What About Bitcoin? Ripple CEO Brad Garlinghouse Provides Clarity On RLUSD, XRP ETF, SEC Lawsuit, IPO US SEC Spokesperson Confirms To Proceed With Appeals in Ripple Lawsuit Telegram gaming sees NFT and user engagement boom in Q3 2024: report Could Arkham’s derivatives exchange really challenge Binance? Binance is the top exchange for Ripple’s XRP whales