Analysis: Ripple price is consolidating within a key support area, potentially poised for a breakthrough
According to CryptoPotato, as analyzed by Shayan, the price of Ripple (XRP) continues to consolidate within a key area, forming a horizontal wedge pattern. Notably, XRP has encountered a strong support zone composed of the convergence point of the 100-day and 200-day moving averages and the lower boundary of the wedge pattern. This convergence point could potentially halt any downward momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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