XRP gears up for a massive move to this price
As most assets in the cryptocurrency sector turn a greener leaf, XRP is no exception, gaining 3% today and eyeing more increases, particularly as its recent price movements have suggested an exit from a bearish pattern in which it has spent recent weeks. Specifically, XRP seems to be breaking out of the descending parallel channel in which it has resided since early November, suggesting a possible upswing to $0.65 or $0.66 in the near future, according to the Analysis shared by renowned cryptocurrency expert Ali Martinez on November 23. Bitcoin price action analysis. Source: Ali Martinez Indeed, the descending parallel channel is a technical chart pattern that depicts an asset’s steady downward movement between two trendline barriers with a series of lower lows and lower highs, and that typically culminates with a counter-trend move upward, which could also happen to the XRP token. XRP price analysis As things stand, the currently fifth-largest crypto asset by market capitaliza...