📊NEUTRAL: $XRP (1D)
Analysis:
XRPUSD saw a solid jump of +9% after Grayscale's big move with a new trust. This development has sparked more interest and optimism around XRP. The chart shows it breaking out of a descending channel, indicating potential bullish momentum. Could this be a game-changer for XRP?
Price Targets:
If the bullish momentum continues, XRP could aim for the breakout target of around $1.1275. However, if it faces rejection, a pullback to around $0.4000 could be seen. It's a mixed bag, so traders should keep an eye on these key levels!
