Ripple's $XRP is playing hide and seek with traders, moving sideways and keeping everyone guessing. đ¤
- XRP's price is stuck in a loop, bouncing between $0.55 resistance and $0.47 support.
- Recently, it flirted with the upper boundary, but couldn't break free.
Now, it's wrestling with a major resistance zone. If buyers can bust through, we might see a bullish trend. But the lack of bullish momentum could mean a rejection is more likely. đŹ
- On the 4-hour chart, XRP's price has been dancing within an ascending wedge pattern for nearly three months.
- It's hit a critical juncture, with increased volatility and rejections.
If buyers can overcome this resistance, a new bullish rally could aim for $0.58. But a bearish rejection might trigger another dip. đ
The market's on tenterhooks, waiting for a breakout to reveal Ripple's future direction.
What's your take? Share your thoughts below!đ
