After days of trading sideways, XRP appears to be on the verge of a significant price move, even as broader market conditions remain uncertain.
In that line, the asset is approaching the final stages of an ABC correction pattern on the daily timeframe, with the Relative Strength Index (RSI) nearing oversold territory, as observed by Dark Defender in a recent analysis.
“XRP is close to finalising the ABC correction pattern in the daily time frame, considering the lowest RSI figures. RSI is close to the oversold area.”
Historically, such conditions have preceded strong rebounds, with potential upside targets ranging between $5 and $8.
XRP’s path to a breakout
Currently, XRP is holding key support between $1.88 and $1.91 and has been trading within a corrective structure, but signs of a bullish reversal are emerging.
XRP price analysis chart. Source: DarkDefender/X
The first upward wave could push the price toward $3, where a breakout would validate bullish momentum
We współpracy z: https://finbold.com/this-technical-pattern-sets-xrps-next-stop-after-finalising-correction/
