XRP Price Getting Ready For The Next Leg-Up, Why It Can Break Above $3.5

The price of the price has seen the past 24 hours Breaking XRP is less than a sign of $ 3 once again. XRP initially managed to cross the $ 3 mark on January 15, a step that was a prominent sign of trading above this level for the first time in seven years. but, This level failed Altcoin fell below again on the last trading day.

However, the XRP Battle over the $ 3 sign shows its potential to return above this level, especially after that Years of dead dead By some encryption analysts. Interestingly, the analysis of the TradingView platform indicates that the encrypted currency may be preparing for another important penetration, not only to restore a sign of $ 3 but also to exceed $ 3.5 soon.

XRP holds a steady in the balance area

Technical analysis The XRP price procedure on the candle scheme for 3 hours shows that the cryptocurrency was able to maintain a stable location inside the balance area though Severe fluctuations between cryptocurrencies In the past few days before and after the installation of Donald Trump.

According to the analysis, XRP is currently trading in a wedge style, which was historically the provider of decisive price movements. Interestingly, this pattern has been developing since January 16, when the original reached its peak of $ 3.38 before the start of a corrective stage. The cryptocurrency has shown gradually tightening in this range, which is an accurate balance between buying and selling pressure that can explode in either direction.

It is worth noting that monotheism within the pattern of spoiled appears to reach its peak, and this is the most prominent analyst as a major indicator of XRP to start his next leg. As such, the analyst expected the next step to be a bullish return over the sign of $ 3, with a specific goal at $ 3.5 before any other correction.

Possible risks: the declining difference in the weekly relative power index

Although XRP expectations are still upward, technical analysis also indicated a possible difference in the decline in the weekly relativity index. This difference occurs when the price of the original moves above while RSI indicates twice the momentum.

Although this represents a danger, the analyst has expressed confidence that the current spacious pattern and its fixed performance This vibrant sign can exceed. Its continuous circulation within the accumulation area is another encouraging factor. If there is a significant decrease in the image, it is possible that it already happens. The fact that XRP has held a company in this region It suggests strong support from buyers, With the pressure selling effectively through the constant buyer of the buyer.

If Altcoin achieved the expected goal of $ 3.5, it will celebrate an increase of 18.5 % over the current price and represents an outbreak above its highest level ever at $ 3.40. However, this can be considered a short -term goal of the price. Long -term forecast for XRP MoreWith goals ranging from $ 7 to $ 20.

Distinctive image from Adobe Stock, Chart from TradingView.com