The article discusses the potential breakout of XRP after completing an ABC correction pattern. Technical signals indicate that Wave 2 is forming, and the cryptocurrency has broken out of a descending parallel channel. Increased trading volume and a rebound in the Relative Strength Index (RSI) suggest renewed interest and potential upside. The article outlines key resistance levels and price targets for XRP, emphasizing the importance of breaking the descending trendline resistance on the daily chart. However, failure to hold certain levels could result in consolidation or a move downward. The article concludes with a disclaimer advising readers to exercise caution.
Content Editor ( coinedition.com )
- 2025-01-30
XRP Targets $3.62 After Completing ABC Correction
