The post XRP Forms Bullish Pattern, Eyeing $4 Surge appeared on BitcoinEthereumNews.com.

Ripple’s price has been rallying higher over the past few months, and this is true against both USDT and BTC. Yet, as the technical charts suggest, XRP could rise even higher in the near future. By Edris Derakhshi (TradingRage) The USDT Paired Chart On the USDT paired chart, the third-largest cryptocurrency has been making higher highs and lows over the past few months, breaking above multiple resistance levels. At the moment, the market is gradually rising inside a rising wedge, which is mostly considered a bearish reversal pattern. Yet, if the pattern is broken to the upside, an aggressive rally could be expected in the coming weeks, which could see XRP trade above the $4 mark. The BTC Paired Chart Things look quite similar on the BTC paired chart, as an ascending channel pattern has been formed on the XRP/BTC pair. Like the USDT pair, while this pattern is a bearish one, it could enter a significantly bullish phase if the channel is broken to the upside. The RSI is also demonstrating values above 50%, which indicates a bullish continuation is more likely than a reversal. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. Source: https://cryptopotato.com/ripple-price-analysis-xrp-forms-bullish-pattern-eyeing-4-surge/

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Filed under: News - @ January 29, 2025 5:24 pm