Ripple’s Price Analysis: Is a Breakout Possible?

Ripple (XRP) has rebounded from the crucial support level of $1.7, indicating renewed buying activity. While the price is approaching resistance near $2.5, experts believe a breakout could trigger a bullish retracement toward the 100-day moving average. However, XRP remains trapped between key moving averages, suggesting a consolidation phase. Shayan’s analysis delves into Ripple’s price action across different timeframes: daily and hourly charts, revealing insights into potential trends.