Top Analyst Identifies Yearly Bullish Engulfing Pattern Targeting XRP at $17 📈
Renowned analyst EGRAG Crypto has identified a bullish engulfing pattern on XRP's yearly chart, suggesting a possible significant rally to $17. XRP has been experiencing downward pressure, having reached a high of $2.65 on May 12 and then falling back to the lower $2 range.
This technical analysis indicates that despite the consolidation around the current price, XRP may soon face upward momentum. Such patterns are often seen as precursors to significant bullish movements, attracting attention from investors and traders seeking potential profit opportunities.
Source: thenewscrypto.com ↗
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