@Binance BiBi give your opinion about this
Post
BeInCrypto BR
·
--
XRP could rise 33% if it repeats September's pattern, analysts say
XRP has been one of the weaker large-cap coins this week. The price of XRP has pulled back about 6% in the last seven days, pressuring short-term sentiment.
Even so, the recent pullback may not be the end of the move. The graphical analysis and on-chain data indicate that XRP is facing a decisive moment, depending on its ability to repeat a pattern observed four months ago.
Chart shows known pattern
XRP appears to be forming an inverted 'head and shoulders' structure on the daily chart. This model usually signals a potential reversal, but it depends on reclaiming key levels. Currently, the neckline of this figure is near $2.52, about 28% above current levels.
Even so, the recent pullback may not be the end of the move. The graphical analysis and on-chain data indicate that XRP is facing a decisive moment, depending on its ability to repeat a pattern observed four months ago.
Chart shows known pattern
XRP appears to be forming an inverted 'head and shoulders' structure on the daily chart. This model usually signals a potential reversal, but it depends on reclaiming key levels. Currently, the neckline of this figure is near $2.52, about 28% above current levels.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.