30.01.2025 18:14
Ripple (XRP) has been in a strong upward trend for the past few months, and this trend continues to hold true against both USDT and BTC. Technical indicators suggest that the price may rise even further. In our article, we provide a price analysis and predictions for Ripple (XRP)...
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If the critical threshold is exceeded, $4 may come
In the USDT pair, XRP has consistently made higher lows and highs in recent months, surpassing many resistance levels. Currently, the price action is progressing within a rising wedge formation, which is generally seen as a bearish signal.
However, if this formation breaks upward, an aggressive rally in XRP may occur in the coming weeks, and the price could rise above the $4 level.
The rising channel may give a bullish signal
A similar structure is noticeable in the BTC pair. A rising channel formation has formed in the XRP/BTC pair. Technically, this formation is considered bearish, but if a breakout occurs upward, a strong bullish movement may begin for XRP.
The Relative Strength Index (RSI) is also hovering above 50. This indicates that the likelihood of the price continuing to rise rather than fall is higher.
Note: None of the statements in this news contain investment advice. The responsibility for trading transactions lies entirely with the investor.
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