XRP Chart Indicates Potential $13 Increase as 2017 Trend Resurfaces
XRP Price Prediction: Analyst Amonyx suggests that XRP could reach $13 by December if it breaks the current resistance at $2.40, drawing parallels to its historical price movements from 2017.
Chart Analysis: The XRP chart indicates a repeating macro structure with double-bottom patterns, which historically led to significant price rallies, hinting at a potential breakout above $10.
Community Engagement: The analysis has sparked excitement among traders, with many discussing the implications of reaching the $13 target and the potential for luxury purchases if this occurs.
Market Context: The current price formation is seen as part of XRP's recovery narrative following legal victories for Ripple, with traders speculating on whether XRP can replicate its past performance amid changing market conditions.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.518 | 0.818 | 1.156 | 1.455 | 1.793 | 2.093 | 2.431 |
| Fibonacci | 0.818 | 1.061 | 1.212 | 1.455 | 1.699 | 1.849 | 2.093 |
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