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XRP Hourly Breakout: Is $4 Next Stop for XRP Price?
The Ripple-issued cryptocurrency XRP has seen a stunning hourly breakout, posting 12 consecutive green candles on the hourly chart. This remarkable uptrend has raised questions about whether the asset’s price could potentially reach $4.
As per the article, it appears that XRP has found support at its low of $3 and has since been trending upward. Additionally, it is crucial to observe that this hour-long success comes after a significant drop in market value earlier on July 24.
The hourly chart showcases that XRP’s price might rise if buyers successfully defend the $3 support line. A decisive break above the hourly SMA 200 at $3.173 could potentially propel XRP towards $4, according to experts.
XRP’s short-term buying pressure has been amplified by recent market sentiment, suggesting a possible upward momentum for the asset’s value.
Source: u.today
