XRP Surges Past Neckline—Analyst Projects Rally To $3.57 📈
Veteran wave technician BigMike7335 argues that XRP has completed a textbook reversal, indicating a potential surge to $3.57. The token recently broke through the $2.40 neckline, showing a 21% gain.
The Bitstamp daily chart shows XRP moving past several moving averages and an inverted head-and-shoulders pattern, suggesting continued bullish momentum.
Momentum indicators like RSI and the stochastic oscillator confirm this impulse. However, XRP could face risks if prices drop below the $1.66 support level.
The recent rise in XRP comes amidst market focus on Coinbase's inclusion in the S&P 500.
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