XRP Price Quietly Rising to $1: Possibility Analysis

Columns：Market analysis author：BTCZXW time：2024-09-08 15:22:36

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Is XRP quietly on its way to $1?

XRP’s weekly chart has recently shown a potential bullish reversal signal, forming an inverted head and shoulders pattern, a pattern that could signal a sharp rally in the coming weeks. Although it has lagged behind other crypto assets year-to-date, a combination of technical indicators suggest strong upside potential.

A breakout above the key neckline could push XRP prices to the $0.90 to $1.00 range, a gain of about 100%. Meanwhile, the symmetrical triangle on the monthly chart also supports the upside, and a successful breakout above the upper trendline would further solidify the bullish sentiment.

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