XRP has broken a long-standing descending trendline, suggesting the possibility of a rally towards the $1 mark, accompanied by bullish signals from the ASO indicator.
Analysts are optimistic about XRP’s long-term potential, with predictions of substantial rallies based on historical patterns and trendline breaches.
XRP has recently surged beyond a long-standing descending trendline, signaling the potential for a rally to reclaim the $1 mark. This shift coincides with signs that the ASO indicator is approaching a bullish cross.
The breakout was identified by XRP Captain, an anonymous XRP analyst, who highlighted a bearish trendline that had been suppressing XRP’s price since the July 13 victory in its legal battle, which propelled it to $0.9380.
Subsequently, XRP faced intermittent declines, forming a pattern of lower lows and lower highs, resulting in the formation of a bearish trend. XRP Captain has now confirmed that XRP has successfully broken free from this multi-month descendi

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