A market analyst has identified three bullish patterns for XRP, suggesting that a major uptrend may be imminent. The first pattern is a breakout above the daily EMA ribbons, which has historically preceded strong bullish moves. The analyst believes there is a high probability of a similar rally occurring, potentially pushing XRP prices to $13.25. The second pattern is a bullish crossover on the daily MACD chart, indicating the beginning of an upward trend. The third pattern is a double-bottom breakout on the monthly timeframe, signaling a shift from bearish to bullish momentum. The analyst believes that XRP could rally to over $30, but closing above $2.80 is necessary for validation. Additionally, the broader market environment, particularly Bitcoin's recovery, could provide further momentum for XRP.



Other News from Today