CandleFocus XRP price slowly forms a rare pattern: is a rebound coming?
2024-12-23
Author: Content Editor
The XRP price has dropped by 26% in November, pushing it into a bear market. This decline was accompanied by a decrease in social sentiment score and futures open interest. However, XRP has important fundamentals, such as a large number of holders who are not selling, and the potential approval of a spot XRP ETF in 2025. Furthermore, there are signs that the XRP price is forming a bullish pennant chart pattern, indicating a potential bullish breakout targeting the year-to-date high of $2.90.
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