🔥🚀 Prepare for a crypto earthquake with XRP! 🚀🔥
A renowned analyst just published an explosive analysis on XRP price formation, suggesting that the crypto could soon explode in 3 different directions! 😱
Since Ripple won its legal battle against the SEC, $XRP has entered the bulls’ radar, approaching a bullish formation breakout but not yet achieving it. While this victory initially propelled XRP with an impressive 65% rise, the bears managed to regain control and have sent the crypto’s price plummeting over the past 24 hours. 📉
Yet, AMBCrypto believes that this pressure from the bears could be the starting point of a new major bullish rally! 📈
Popular crypto analyst World of Charts took a close look at XRP metrics, highlighting 3 potential scenarios that could reignite the debate over this controversial crypto.
Looking more closely at the signals of change in XRP’s metrics, CoinGecko has recorded an increase of over 5% in the last seven days. With a strong market structure approaching $33 billion, XRP is currently trading below $0.60.
But that’s not all! World of Charts reveals that a multi-year bullish triangle is forming on the XRP chart, a pattern that has been going on since 2020 and could lead to a spectacular surge. 💥
Consolidated within this symmetrical formation, XRP is sending strong signals! According to this configuration, an upward breakout could be imminent, allowing XRP price to triple! 🚀
Here's what World of Charts says about the key factors behind this explosive breakout: "Increased buying pressure, optimized market distribution, distinct technical module, and favorable chart formations."
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