Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»XRP Breaking Out of a Bullish Pattern – This is Why You Should Be Interested
ALTCOIN NEWS

XRP Breaking Out of a Bullish Pattern – This is Why You Should Be Interested

By Crypto FlexsMarch 6, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP Breaking Out of a Bullish Pattern – This is Why You Should Be Interested
Share
Facebook Twitter LinkedIn Pinterest Email

  • XRP’s daily chart was red at a time when the price was breaking out of a symmetrical triangle pattern.
  • Market indicators remained bearish for the token.

Bullish market conditions have turned the weekly charts of most coins green. XRP. However, the daily chart of the token turned red. However, the situation may turn in favor of the token again as the token is on the verge of breaking through a key resistance area.

XRP has broken out of the bull pattern.

According to CoinMarketCap: data, the value of XRP has surged 15% in the past seven days. However, the token’s daily chart turned red as its value fell by 0.5%. At the time of this writing, XRP was trading at $0.644, with a market capitalization of over $35.2 billion.

Separately, World of Charts, a popular X handle that posts updates related to the recent cryptocurrency space. exposed The price of XRP was breaking out of a bullish triangle pattern.

In fact, the tweet mentioned that this breakout could lead to a 2-3x increase in the price of the token.

Is XRP about to reach a new ATH?

As XRP was likely to reach new highs, AMBCrypto checked other indicators. We found that social dominance fell last week despite the rise in prices last week.

However, the weighting has risen, reflecting the bullish mood surrounding the token dominating the market.

Source: Santiment

Some of the other indicators also supported the possibility of an upward rally. For example, last week the token’s MVRV ratio increased, suggesting a price rise.

The network growth of the token also increased, suggesting that more new addresses were created to transfer tokens. Another bullish indicator with token funding rates remaining in the green suggests that buying sentiment was dominant in the derivatives markets.

Source: Santiment


read XRP price prediction 2024-25


Next, we checked the daily chart of the token to see suggested indicators regarding possible price action for XRP. Indicators were weak, suggesting a bullish rally is less likely.

For example, the token price has touched the upper limit of the Bollinger Band. Chaikin Money Flow (CMF) also showed a slight decline, further increasing the possibility of price adjustment.

However, the MACD showed a bullish crossover and remained strong.

Source: TradingView

Previous: Can Cardano Hit $10 This Up Cycle?

Next: The Ethereum whale is on the move. What’s next for ETH price?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025
Add A Comment

Comments are closed.

Recent Posts

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025

DLMining Releases 2025 ETH Contract Innovation Plan, Ushering In A New Era Of Inclusive Mining

August 2, 2025

XRP Rebounds On ETF Hopes As CryptoMining Firm Launches $8,100/Day Cloud Contracts

August 2, 2025

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025

Pepe Dollar ($PEPD) Presale Picks Up Pace As Ethereum (ETH) Hovers Over $3,600

August 1, 2025

Meme Coin ‘$SATOSHI’ Heralding The Return Of Satoshi Nakamoto’s Vision Launches First Presale

August 1, 2025

Bitcoin falls to $ 115K with the third main wave of profit, a new tariff tension.

August 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025
Most Popular

Bitcoin ETF will see two ‘huge catalysts’ by year-end, ETF expert says

March 13, 2024

A scammer pretends to be Bermuda Premier and promotes fake tokens.

February 15, 2025

XRP, Bitcoin, ONDO and more – everything happening in the cryptocurrency industry today

January 16, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.