The post XRP Price Prediction For March 10 appeared first on Coinpedia Fintech News
XRP has taken a big hit, dropping nearly 8% in a day, after U.S. President Donald Trump changed his stance on crypto plans. He backed out of a strategy that aimed to create a national Bitcoin (BTC) reserve, crushing hopes that XRP could be included as a key reserve asset. This sudden turn has also caused XRP’s market cap to fall sharply.
Can XRP Break Out and Surge to $5?
XRP’s price has been going up and down, but crypto analyst Ali Martinez believes a big move could be around the corner. As per Martinez, the 1-day XRP chart shared a price chart showing a head-and-shoulders pattern, which usually means the price might drop.
If $XRP avoids closing below the head-and-shoulders neckline and breaks above the right shoulder instead, it could invalidate the bearish pattern. This move might trigger a bullish breakout toward $5! pic.twitter.com/f2845kE4UC
— Ali (@ali_charts) March 9, 20
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