XRP’s latest pullback to $1.61 could be part of a classic chart pattern, according to one analyst, with an ambitious target of $20 if the bulls regain their footing.
XRP (XRP) price is up 15% over the past seven days from a low of $1.61. According to several technical analysts, a sustained recovery daily close above $2.20 will signal a strong trend reversal that could put double digits within reach.
XRP/USD daily chart. Source: Cointelegraph/TradingView
After the cryptocurrency market experienced a relief rally due to US President Donald Trump’s announcement of tariff exemptions for a range of tech products, traders are optimistic about the possibility of XRP price breaking into double digits.
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