XRP/USD Price Analysis
#XRP is currently trading within a well-defined ascending channel, showing a potential bullish structure. As seen in the weekly chart, the price has been moving upwards within this channel with notable historical resistance and support points (marked in red dots).
Key Highlights:
• XRP has repeatedly respected the channel boundaries, hinting at a strong uptrend.
• A breakout towards the top side of the channel could see XRP reaching the $246 target zone indicated by the red line, aligning with the projected bullish momentum.
• Current price: $0.56 – keep an eye out for potential pullbacks or breakout signals.
📊 Targets:
• Support: $0.40
• Resistance: $246 (blue zone)
Disclaimer: This is not financial advice. Always conduct your own research.
Stay tuned for more updates!
