XRP flashes major buy signal as key pattern points to $4.10 target
Although XRP has yet to make a decisive move above the $2.20 resistance level, technical indicators suggest the asset could be on track to reach a new all-time high near $4. After initially dropping below the $2 spot, the asset has since made a recovery, aligning with the broader cryptocurrency market sentiment to trade at $2.19 as of press time, down 0.26% in the past 24 hours. However, the weekly chart shows a solid gain of 12.7%. XRP seven-day price chart. Source: Finbold XRP’s price path to $4 Now, according to Analysis by BA_Investments , this bullish outlook is based on the fact that XRP recently broke out of a long-standing price range between $0.12 and $1.97, a range it had been trapped in since 2018. XRP price analysis chart. Source: TradingView This breakout, which occurred in November 2024, marked a notable shift in market sentiment and has since held firm, with the token currently trading above a key support zone between $1.60 and $1.97. A...