XRP Price Set for 20% Increase with Golden Pocket Formation
- XRP is trading within an Ascending Channel, indicating a potential 20% upward move.
- The price is supported by the Golden Pocket, a key Fibonacci retracement area.
- XRP’s current price is $2.2, with a target range of $2.8 to $2.9 if bullish momentum continues.
- Short-term resistance in the 1-hour timeframe may lead to a pullback before further gains.
- A breakout from the imbalance zone could strengthen XRP’s bullish trend.
The TradingView analyst predicts that XRP’s price could rise by 29% from its current level of $2.2 if it maintains support above the key Fibonacci retracement level and overcomes short-term resistance challenges.
Source (2.6)https://www.newsbtc.com/analysis/xrp/xrp-price-eyes-20-move/?rand=52377