XRP → Flag on the back of a strong rally. Going higher?

2024年12月17日

XRPUSD after a strong rally forms consolidation in the format of a flag. According to technical aspects it is a prerequisite for continuation of the main movement. The price is testing the resistance of the figure...



There is not much left to the key point - ATH. After a strong bullish growth the coin has been consolidating for two weeks, in general, on the background of a strong bull market this may be enough. Now we should wait until the price leaves the channel and the bulls keep the defense above the key zones, for example 2.658.
In general, the potential of the project is quite positive, a lot of problems have been solved recently, which put enormous pressure on Ripple.

Resistance levels: 2.6585, 2.8724, 3.063
Support levels: 2.473, 2.20

The coin is accumulating pre-breakout potential in the upper part of the local channel, which generally indicates which way the price is going to go. Breaking through resistance and consolidation of the price above 2.6585 will be a good confirmation of readiness for growth.

Regards R. Linda!

2024年12月17日

交易進行

After the resistance breakout, the market is struggling for the zone. If bulls will keep the defense above the key line, we should expect growth further