- Currently, XRP is trading between its intraday low of $0.7045 and intraday high of $0.7271.
- Although it may seem too early to determine, XRP could be forming a double-top pattern.
- XRP shows buying opportunities at various levels for long-term traders.
XRP has taken advantage of its recent victory by experiencing a massive price spike. Although it could be triggered by the buyer’s entry into the market, XRP climbed up the ranks among the top cryptocurrencies based on MarketCap, according to CoinMarketCap. Currently, the altcoin is trading between its intraday low of $0.7045 and intraday high of $0.7271. However, it seems closer to the intraday low level as it is priced at $0.7114.
XRP/USDT 1-Day Chart (Source: TradingView)
Moreover, the candlesticks seem to be forming a double-top pattern. However, it is too early to determine this as only the first peak has been formed. If the candlesticks are forming a double-top, there may be a chance that the XRP would close its trade at $0.8203 and fall again. The reason why XRP would reach the aforementioned level is that the altcoin formed its first peak at this level before.
XRP/USDT 1-Day Chart (Source: Tradi…The post Could XRP’s Upcoming Fall Help Traders Win a Massive Jackpot? appeared first on Coin Edition.
The post Could XRP’s Upcoming Fall Help Traders Win a Massive Jackpot? appeared first on Coin Edition.