XRP’s price is consolidating just below $1.4, hinting at bullish potential despite a recent 4.35% dip. Analysts foresee a possible surge to $1.9 driven by the technical structure.
Earlier this month, XRP witnessed an unprecedented surge from $0.4976 to a three-year high of $1.6 within 20 days, a 220% increase.
Though XRP has since corrected by around 20%, technical analysis indicates a pivotal trendline could determine its future trajectory. Traders are watching for a bounce or a break below this line.
The price remains above a significant trendline, crucial for possible upward movements. A retest of the $1.520-$1.620 zone may present strong resistance.
Currently trading near $1.39, XRP hasn't confirmed a decisive upward move, yet bullish signs persist. A downside break below $1.38 could lead to a decline testing the $1.32 support level.
