Picture of the author

primeearn.verse

06/08 03:32

XRP Price Prediction: No Way Out Yet

XRP Price Prediction: No Way Out Yet

From a technical standpoint, XRP’s daily chart reveals a symmetrical triangle formation. The structure is defined by converging trendlines, with resistance forming the upper boundary and support creating the lower one.

The Bull Bear Power (BBP) indicator is flashing negative, suggesting bearish momentum is gaining ground. This reading supports the broader narrative of sustained XRP whale distribution.

If this pressure persists, XRP’s price may continue to consolidate, or worse, slip toward the $1.55 level, which aligns with the 0.382 Fibonacci retracement.

However, a shift in whale behavior, particularly renewed accumulation, could flip the script.

In such a scenario, XRP may rebound strongly, with a possible rally toward $2.76 near the 0.786 Fibonacci level, or even revisit $3.
#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge
2Share

All Comments0LatestHot

LatestHot
noContent

No records