The price of 80% of his earnings. Regardless of which bullish or bearish trend prevails in the market, XRP price has maintained the lower ascending trendline, which has been a strong support since then. Now that the price has climbed beyond its bearish range, the token is expected to hit a major dollar milestone at any time.
XRP price jumps over 20% in just a few hours, aiming to reach levels above $0.8, which could happen anytime from now. With this, optimism around XRP has increased as the token ranks among the best performers compared to the last few days, largely thanks to memecoins. After lagging behind crypto market trends for a long time, XRP price has finally sparked an uptrend.
The question now arises whether XRPArmy is late to the party or whether market participants have just focused on top altcoins like XRP.
XRP price has strived to break above the upper resistance channel several times and the latest bullish momentum has accomplished the task. Furthermore, price formed a double bottom pattern within a decisive symmetrical triangle. This suggests that the price is about to trigger a massive rally, which could push levels past 2021 highs at around $1.98.
The weekly RSI is in favor of the bulls and hence, $8. Before reaching new highs above $0.85, the price could remain consolidated for some time, which could be followed by a bullish breakout beyond $1. This could validate a rise above the bearish claws and help the price move closer to its previous ATH, with the bull markets getting stronger every day.