Watch XRP, the price has been stuck in a channel since December 3rd, but now, 10 days later, it is attempting to break out and is testing the upper boundary of the channel. The RSI has already broken its trendline, suggesting momentum is turning upwards.
However, these channels are not the most reliable patterns. A breach to the 2.4850 high would increase the probability of a move higher. Based on the channel's depth, a push toward 3.05 is expected, representing a 24.79% increase.
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