Bitcoin
$ 37,125
Ethereum
$ 2,467.5
Litecoin
$ 107.67
okex ads

An Interesting Chart Pattern Is Forming In XRP

After its sharp surge in early-April, the cryptocurrency XRP gave back much of its gains and has been bouncing around in a narrowing trading range. While Bitcoin and Ethereum have rebounded back to their prior highs, XRP continues to struggle as it fights a U.S. Securities and Exchange Commission (SEC) lawsuit charging that the cryptocurrency is an unregulated security. From a technical analysis perspective, it appears that a triangle pattern is forming in XRP, which may indicate that a sharp move is ahead once the cryptocurrency breaks out in one direction or another.
If XRP can stage a convincing breakout to the upside, that may be a sign that even more gains are ahead. A positive resolution of XRP’s legal battle with the SEC is a potential bullish catalyst that may propel the cryptocurrency higher. A technical breakdown, on the other hand, may indicate more pain ahead. A negative outcome for XRP’s legal battle would likely be a reason why the crypto would experience a technical breakdown. For now, I am waiting to see which direction XRP breaks out.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Attarius Network Partners with KILT Protocol’s BOTLabs
January 28, 2022By
Let’s start the competition – X Ventures and Agora teamed up to host the X Competition 
January 28, 2022By
Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela
January 28, 2022By

Advertisement

Video Posts

In
Impact Of Technology On 4.0
July 6, 20210
In
Importance Of Cryptography
July 3, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin37,125 0.54 % 2.24 % 8.80 %
Ethereum2,467.5 0.41 % 0.16 % 18.18 %
Tether1.000 0.28 % 0.16 % 0.20 %
Binance Coin386.96 0.24 % 4.20 % 12.36 %
USD Coin0.9988 0.39 % 0.04 % 0.14 %
Cardano1.040 0.42 % 0.81 % 17.42 %
XRP0.6041 0.23 % 0.79 % 16.11 %
Solana91.55 0.54 % 0.76 % 28.79 %
Terra50.31 0.25 % 13.60 % 34.73 %
Polkadot18.15 0.13 % 1.02 % 21.19 %

You have not selected any currencies to display