According to TradingShot, a prominent chartist on TradingView, XRP’s latest move out of a symmetrical triangle could be the early […]
The post XRP Enters Price Discovery Zone – How Far Can It Go? appeared first on Coindoo.
According to TradingShot, a prominent chartist on TradingView, XRP’s latest move out of a symmetrical triangle could be the early stage of another explosive run.
What stands out is the broader setup: a consolidation phase that mimics XRP’s past cycle, an impending golden cross between the 50-day and 200-day moving averages, and a rally trajectory aligning with the 1.5 Fibonacci extension—suggesting a potential climb toward $8.50 by year-end.
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Momentum indicators like the Relative Strength Index also mirror historic behavior, showing rising highs as buying pressure builds.
Meanwhile, crypto analyst Tony Severino highlighted a similar narrative, noting XRP’s breakout past the long-standing $3.30 resistance as a major shift into uncharted price territory. He warned, however, that sharp breakouts often end in steep corrections, advising caution despite the excitement.
The post XRP Enters Price Discovery Zone – How Far Can It Go? appeared first on Coindoo.
Source: https://coindoo.com/market/xrp-enters-price-discovery-zone-how-far-can-it-go/
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