XRP to $8.70? Bullish patterns signal major breakout
XRP has recorded a price increase of 1.54% in the last 24 hours, reaching $2.43 at the time of publication, with a trading volume of $3.8 billion in the same period.
XRP has surged 20.05% over the past week, pushing its market cap to $139.66 billion, with a circulating supply of 57 billion tokens. Analysts have identified bullish patterns on its price chart, although market sentiment remains mixed as traders weigh future moves.
Analysts identify bullish patterns, predict potential breakout
Ali, a crypto analyst, noted the reappearance of the super trend indicator on the 12-hour XRP chart, signaling a buying opportunity for the first time since November.
Historically, such signals have led to significant price spikes, and the latest phenomenon saw XRP record a 470% gain. While such gains remain speculative, the renewed signal has caught the attention of market participants.
Inca.
