XRP on the Verge of Breakout: Bullish Signals Point to Major Price Surge

By Coin Edition
2 days ago
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  • XRP/BTC must close above 21 EMA and 0.000015 for potential breakout.
  • Bullish signals, including a symmetrical triangle pattern, indicate a significant potential surge.
  • XRP’s price target could reach as high as $3 if it breaks above key resistance levels.

XRP is on the brink of a significant breakout, potentially setting the stage for a major price surge. The current technical setup highlights a crucial moment for XRP, especially given its recent performance. 

Critical Resistance Levels for XRP/BTC

As per EGRAG CRYPTO, a top analyst, XRP/BTC needs to establish a solid closing above the 21 EMA to signal a successful bounce from recent macro-bottoms. This EMA level has been a significant marker in the recent trend, and surpassing it could build confidence in a sustained upward movement. 

XRP/BTC is currently navigating a Triangle formation, with the edge of this pattern at approximately 0.000015. A convincing close above this level would signal a potential breakout.

Read also: XRP Surges Past Long-Term Resistance: Could It Finally Outshine Ethereum?

If XRP can surpass both the 21 EMA and this Triangle edge, it could surge to 0.000027. This would then…

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