XRP targets $2 as analyst spots third bullish chart pattern near key support

Cryptocurrency analyst Bird, known on X as @Bird_XRPL, has identified a technical formation on XRP’s 4-hour chart that closely resembles two previous setups which each preceded sharp price increases. Bird points to a developing third descending resistance trendline, noting that XRP is approaching important support regions and could be primed for another significant move. Bird’s analysis covers the period from July to October on Binance’s XRP/USD trading pair. On the chart, three downward-sloping resistance lines, colored in orange, appear at different stages. In previous cases, XRP experienced strong rallies after breaking through the first two trendlines.

Source: CoinTurk News