CandleFocus XRP Soars to 3-Year Peak: Is $1.96 Within Reach This Week?
2024-11-17
Author: Content Editor
The XRP token has seen a significant surge in price, reaching a three-year high of $1.2654. The token broke through key resistance levels and invalidated a three-year symmetrical triangle pattern. The next target is the critical $1.96 resistance level, which suggests an 84% gain from its current price. The historical chart patterns indicate that XRP's price action is historically cyclical and poised for upward momentum. Momentum indicators like MACD and RSI also reinforce the strength of the breakout. XRP futures open interest has reached its highest level in over a year, indicating robust market activity.
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