XRP has been strengthening in a horizontal consolidation pattern for quite some time.
The $3.32 region, which was the 2017 peak, was retested on the monthly chart and rejected.
This level was a significant resistance area in the past, but it is now a pivot point that could potentially open the door to a new parabolic rise.
Major support at $1.99, staying above this level confirms the bullish reversal of the structure.
The momentum indicator is in an area where it could move upward.
This table may signal the awakening of a giant that has been silent for a long time.
Emerging from the re-accumulation phase is not always without surprises.
The $3.32 region, which was the 2017 peak, was retested on the monthly chart and rejected.
This level was a significant resistance area in the past, but it is now a pivot point that could potentially open the door to a new parabolic rise.
Major support at $1.99, staying above this level confirms the bullish reversal of the structure.
The momentum indicator is in an area where it could move upward.
This table may signal the awakening of a giant that has been silent for a long time.
Emerging from the re-accumulation phase is not always without surprises.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.