XRP Price Prediction: This Pattern Reveals $9 As Possible Target
The post XRP Price Prediction: This Pattern Reveals $9 As Possible Target appeared com. As the broader crypto market recovered, so did XRP. With several developments, ongoing and potential, affecting XRP price, some market experts have shared generous price prediction for the coin. That said, the coin has displayed gains and from a drop to $2. 39 earlier yesterday to reach $2. 51 and it held steady near this level over the last 24 hours. The U. S. President’s decision cut tariffs on Chinese imports by about 10 percentage points followed recent trade talks with Chinese President Xi Jinping. The markets viewed this as a sign of easing tensions between the world’s two largest economies. Meanwhile, a top expert trader and analyst revealed a cup and handle formation that has an XRP price prediction target of $9. XRP Price Prediction: Cup & Handle Setup Eyes $9 According to top analyst Jack Rippler, XRP appears to be forming a cup and handle pattern on the daily chart. The altcoin spent several past months forming the round base of the cup and at the time of writing, the setup is near completion with the handle creating a tight downward-slopping channel that signals a breakout. During press time, XRP is trading around $2. 51 and the cion holds potential to reach up to $8 $9. That is, if the bulls manage to pull up a decisive breakout above the current level and trigger an uptick past the resistance level at $3. 30. The upper target around $9 and $8 aligns with the height of the cup projected upward. XRP price chart by Jack Rippler Moreover, the 200-day moving average continues to curve upward and support the overal bullish bias. Meanwhile, momentum remains strong amid steady expansion of daily trading volumes, As such, resolving the handle towards the upside is likely to cause a sharp price acceleration that could mark the beginning. Continue reading XRP Price Prediction: This Pattern Reveals $9 As Possible Target