- An analyst revealed that an “insane” bullish setup has formed on XRP’s chart.
- In the post, the analyst predicted that XRP could rise 17% before breaking out towards the upside thereafter.
- At press time, XRP’s price stood at $0.6203 following a 0.86% gain over the past 24 hours.
The cryptocurrency technical analyst Cryptoes predicted that the price of Ripple (XRP) could rise 17% in the next few days as an “insane” bullish setup has emerged on the altcoin’s chart. According to the X post published yesterday, XRP could enter into a 17% upside move before experiencing a strong bullish breakout as well.
This #XRP setup is so bullish its insane If this does not play-out I will be left speechless17% upside just to get back to the pink resistance | And the breakout will not have even begun yet | Blue support holding for 3 weeks now $XRP pic.twitter.com/qqf7z7XNSw
— Cryptoes (@cryptoes_ta) December 2, 2023
The analyst’s bullish outlook comes after a support level on the remittance token’s chart has not been breached for 3 weeks. Meanwhile, the altcoin was able to print a slight 24-hour gain.
Data from the cryptocurrency market tracking website …
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