XRP has formed an ascending pattern last seen in June 2022.
The altcoin had set its sights on targeting $0.72 at press time.
The price of Ripple [XRP] increased to $0.58 on the 8th of January. But according to analyst Ali Martinez, the rise could be the start of a movement to $1.10. According to Martinez, XRP had formed an ascending pattern last seen in June 2022.
He also added that if the rising parallel channel continues, XRP might hit $0.80 at the middle boundary, while noting that the upper boundary above $1 was not out of reach.
From this perspective, the governing pattern behind #XRP price action since June 2022 appears to be an ascending parallel channel.
If this pattern continues, $XRP could make its way toward the channel’s middle or upper boundaries, which currently sit at $0.80 and $1.10,… pic.twitter.com/kCKHEFZQWe
— Ali (@ali_charts) January 8, 2024
$1 is possible, but it’s not the time yet
Martinez’s opinion could bring some relief to XRP holders. For a long
We współpracy z: https://ambcrypto.com/is-xrp-poised-to-reach-1/
