CandleFocus

XRP Price Chart Suggests Run to $3.20 Is Possible Despite Recent Correction

Author: Content Editor
In the past week, XRP experienced a correction along with the broader crypto market. However, the XRP price chart has shown a pattern that suggests a potential breakout towards $2.90. This pattern is similar to one observed in November, which led to a 350% price surge. The Money Flow Index (MFI) also indicates significant buying pressure for XRP. If this continues, the altcoin could climb above $2.24. XRP has been consolidating between $2.20 and $2.72 since December 3, but with the rising MFI, there is potential for an upward trend. However, XRP faces resistance at $2.90, and breaking above this level will require increased buying pressure. If successful, the altcoin's value could climb by 43.53% to $3.20, but failure to break resistance could result in a decline to $1.40.

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