When $XRP formed a top very early in January 2018, a strong community who held the $XRP tokens were probably euphoric. Six years later, with the price having gone down and down, $XRP has finally broken out of a 6-year chart pattern. Will $XRP now explode? How far can it go?
$XRP has lagged in crypto gains
$XRP holders have not had a great time so far in this crypto bull market. While other cryptocurrencies have made huge percentage gains, $XRP has lagged behind most, only up 130% since early January 2023.
Breakout or fakeout?
Source: Coingecko/Trading View
Things look to have changed though on Monday. The price has just broken out, and this can be seen on the shorter time frame charts. At time of going to press, the price has broken out, and looks to be coming back to either confirm the breakout, or to return inside the triangle in what is commonly known as a fakeout. Even if this is a fakeout, the price does look as though it is very likely to break out sooner rather than
We współpracy z: https://cryptodaily.co.uk/2024/03/ripple-xrp-breaks-out-from-6-year-bullish-chart-pattern
