XRP holding up in green despite ongoing market selling
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The analyst highlighted in a chart a possible breakout from the pennant pattern that could propel XRP’s price to $4 — a 70% increase from its present value.XRP continues to trade within a symmetrical triangular pattern, suggesting a balance of supply and demand. At the time of writing, XRP was trading in green amid an ongoing market sell-off, up 1.61% in the last 24 hours to $2.35.breaks and closes above the barrier at $2.50, it might spark a rally to $2.72 and then to $2.90.
Across social media, sentiment has been shifting for crypto's largest market caps. In a recent report, Santiment noted that XRP enjoyed a nice 18% market cap rise in the first three days of the new year and has been holding up quite well compared to other altcoin peers. Since the massive price surge that saw XRP's value jump 455% , there has been an increased level of optimism from the crowd. Currently, sentiment is slightly bullish.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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