Ripple's cryptocurrency, XRP, may be on track to reach $1 as a familiar pattern is observed on its chart. In the past, similar patterns have led to breakouts in 2017 and 2021. XRP is currently trading at $0.53, and if it successfully breaks through the critical psychological barrier, its price could increase by 114% to reach $1.08. The Money Flow Index (MFI) also suggests a potential upward trend for XRP. However, the altcoin still needs to reclaim the 38.2% Fibonacci ratio at $0.53 to increase its chances of reaching higher values. Traders should remain cautious of market changes, as failure to break through resistance at $0.53 could lead to a price retreat to $0.50.



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