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.
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…
The post XRP on the Verge of Breakout: Bullish Signals Point to Major Price Surge appeared first on Coin Edition.