đ XRP Price Surge Predicted in Latest Technical Analysis
Cryptocurrency analysis firm Amonyx recently published a technical assessment of XRPâs price movements, projecting a potential bullish trajectory for the digital asset against both the U.S. dollar (USD) and Bitcoin (BTC) in the coming year.
The XRP price is $0.493150, with a 24-hour trading volume of $1,488,637,482. XRP has decreased by 1.24% in the last 24 hours, holding a market cap of $27,404,550,064. The circulating supply is 55,570,463,728 XRP coins, with a maximum supply of 100 billion XRP coins.
đŹ Only those who are patient will see this in #XRP đ â Amonyx
The XRP/USD chart displays a long-term ascending channel that has been in place since 2014. This trend suggests XRP has consistently oscillated within its upper and lower parallel lines. Key Fibonacci retracement levels such as 0.618, 0.786, 1.618, and 2.618 are highlighted, serving as crucial predictors in identifying future resistance and support points. Key historical price levels are also important markers for potential reversals or consolidations.
Additionally, the chart suggests a future projection, indicating a potential bullish movement toward the 2.618 Fibonacci level. This forecast hints at a substantial price increase, with a possible peak in around 2024. The âflip zoneâ marked at the top right indicates a likely area for price consolidation or reversal.
