XRP: Next Rally Ready?

XRP is consolidating after hitting a multi-year high of $2.90 in the first week of December. Investors are unsure about XRP's next move, raising questions over whether it will break $3 or whether the cycle high has been reached. As XRP's future is uncertain, market players are cautious.

Famous crypto researcher Ali Martinez has revealed that XRP is trading in a bull flag pattern, a technical continuation indicator. Martinez believes passing $2.60 barrier will trigger XRP's next rise. A breach over this mark might send XRP beyond $3 and perhaps higher.

The $2.60 level is a key battlefield for bulls and bears as the market examines XRP. With momentum growing and the crypto market strong, XRP's ability to break out of consolidation might decide its next highs or reverse. All eyes are on its next big move.

Ready For The Next Rally?

Since December 3, XRP has fluctuated between a 34% retrace and a 36% rally, remaining below its local high of $2.90. This price movement shows bullish momentum and market hesitancy as investors speculate about XRP's future move. Despite the volatility, XRP's structure suggests another big surge.

A breach over $2.60 barrier will likely boost bullish momentum and push XRP out of its range. Reclaiming the $2.90 local high would initiate price discovery, with XRP positioned to reach $3.31, its next psychological milestone.

When XRP consolidates, its future depends on overcoming these resistance levels. The bull flag pattern and market attitude predict a breakthrough, but timing and strength are unknown. Investors wait for confirmation signs.

XRP prices: levels to watch

At $2.57, XRP is approaching $2.64 barrier. Clearing this price mark would allow XRP to challenge the $2.90 local high. Breaking these levels in the next days might unleash a major rally, pushing XRP over its all-time high.

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