$XRP

XRP Price Analysis: The Battle Between Bulls and Bears, Key Breakthrough Points Will Soon Determine Future Trends!

Brothers, XRP has been locked in a fierce battle near the 20-day moving average of $2.22, with bulls and bears in a heated showdown. Currently, the 20-day moving average is flat, and the RSI is also in the middle, indicating a roughly balanced supply and demand with no clear strong direction.

The price movements over the past few days have formed a typical symmetrical triangle pattern, which usually continues the current trend but may occasionally show reversal signals. If the current price can break through the upper edge of this triangle, it could mean that XRP will attempt to break through $2.91, leading to a rebound.

However, conversely, if XRP breaks below the lower edge of the triangle and closes below this level, it could mean that a short-term top has been reached, and the price may retreat to around $1.7 near the 50-day moving average.