XRP Price Flashes Death Cross From 2017 That Could Trigger 325% Rally To $9
The post XRP Price Flashes Death Cross From 2017 That Could Trigger 325% Rally To $9 appeared on BitcoinEthereumNews.com. Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP is turning heads again following an impressive show of resilience in recent days, bouncing from lows of $2.08 earlier this week to reclaim $2.4 at the time of writing. This upward momentum, now clocking over 15% gains from its test of the $2 support, has brought with it an interesting historical pattern on XRP’s daily chart. A comparison of XRP’s current price structure with its 2017 trajectory shows that a rare setup may be indicating a massive breakout is on the horizon, with a price target as high as $9. Related Reading: 3.5 Million TRUMP Tokens On The Move—Trump Team Makes A Big Play XRP Price Flashes 1D Death Cross Signal, But Price History Suggests A Twist On the surface, a death cross has appeared on the XRP daily candlestick timeframe chart. This sort of cross occurs when the 50-day moving average crosses below the 200-day moving average, and would typically be interpreted as a bearish sign. However, according to a crypto analyst on the TradingView platform, this might not be the case for XRP. A closer look at historical precedent from 2017 suggests that this technical signal may not be as bad for XRP as it sounds. Back then, XRP exhibited nearly identical behavior of trading within a descending triangle just before the death cross occurred. That moment marked a deceptive shift, as XRP’s price action quickly flipped direction and exploded to the upside. Within weeks of the…
The post XRP Price Flashes Death Cross From 2017 That Could Trigger 325% Rally To $9 appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP is turning heads again following an impressive show of resilience in recent days, bouncing from lows of $2.08 earlier this week to reclaim $2.4 at the time of writing. This upward momentum, now clocking over 15% gains from its test of the $2 support, has brought with it an interesting historical pattern on XRP’s daily chart. A comparison of XRP’s current price structure with its 2017 trajectory shows that a rare setup may be indicating a massive breakout is on the horizon, with a price target as high as $9. Related Reading: 3.5 Million TRUMP Tokens On The Move—Trump Team Makes A Big Play XRP Price Flashes 1D Death Cross Signal, But Price History Suggests A Twist On the surface, a death cross has appeared on the XRP daily candlestick timeframe chart. This sort of cross occurs when the 50-day moving average crosses below the 200-day moving average, and would typically be interpreted as a bearish sign. However, according to a crypto analyst on the TradingView platform, this might not be the case for XRP. A closer look at historical precedent from 2017 suggests that this technical signal may not be as bad for XRP as it sounds. Back then, XRP exhibited nearly identical behavior of trading within a descending triangle just before the death cross occurred. That moment marked a deceptive shift, as XRP’s price action quickly flipped direction and exploded to the upside. Within weeks of the…
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