The price of XRP has been stuck in a consolidation pattern for over a month but is now showing signs of breaking out. Traders are optimistic about the possibility of a significant rally, with positive funding rates and an uptick in the Chaikin Money Flow indicator indicating bullish sentiment. If the breakout occurs, XRP could see a 29% rise, but it must first flip the $0.64 resistance level into support. If the breakout fails, XRP could face a potential drawdown.
- Content Editor ( beincrypto.com )
- 2024-09-23
XRP Price Breakout to 30% Rally Next as Investor Inflows Explode