XRPUSD

16 בפבר׳

The XRP/USD price chart is currently forming a bullish pennant pattern, which is a continuation pattern that typically signals the resumption of an upward trend after a consolidation phase.

Pattern Analysis
The pennant structure consists of a strong bullish impulse move (flagpole) followed by a tightening consolidation range, forming a symmetrical triangle.
This pattern suggests that buyers are gathering momentum before a potential breakout to the upside.
Key Resistance and Breakout Level
The 2.79 level is a crucial resistance zone. The price is currently testing this area, and a confirmed breakout above this level could trigger a strong bullish movement.
If the breakout is successful, the next potential resistance levels are at 2.90 and 3.02, which can act as price targets for the bullish move.
Market Expectation
A break and close above 2.79 with increased volume could confirm the bullish breakout, leading to further upward momentum.
If the breakout occurs, XRP/USD could continue its bullish trajectory, targeting higher price levels in the short to medium term.

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